Supergroup PLC (SGP) Receives Buy Rating from Peel Hunt
Supergroup PLC (LON:SGP)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research report issued on Friday. They presently have a GBX 1,900 ($24.54) target price on the stock. Peel Hunt’s target price indicates a potential upside of 21.48% from the company’s current price.
Several other equities research analysts also recently weighed in on the stock. Liberum Capital reissued a “hold” rating and issued a GBX 1,750 ($22.60) target price on shares of Supergroup PLC in a research note on Friday, August 25th. Barclays PLC reissued an “underweight” rating on shares of Supergroup PLC in a research note on Monday, August 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,850 ($23.89) target price on shares of Supergroup PLC in a research note on Friday, July 7th. Canaccord Genuity increased their target price on shares of Supergroup PLC from GBX 2,012 ($25.98) to GBX 2,110 ($27.25) and gave the company a “buy” rating in a research note on Thursday, July 6th. Finally, Investec reaffirmed a “buy” rating and issued a GBX 1,890 ($24.41) price target on shares of Supergroup PLC in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,862.25 ($24.05).
Supergroup PLC (SGP) traded down 0.26% during trading on Friday, hitting GBX 1564.00. 103,034 shares of the company’s stock were exchanged. The company’s market cap is GBX 1.27 billion. The firm has a 50 day moving average price of GBX 1,560.86 and a 200 day moving average price of GBX 1,536.95. Supergroup PLC has a 52-week low of GBX 1,309.00 and a 52-week high of GBX 1,793.66.
About Supergroup PLC
SuperGroup Plc designs, produces and sells clothing and accessories under the Superdry brand in approximately 670 points of sale across the world, as well as online. The Company offers a range of products for men and women. The Company operates through three segments: Retail, Wholesale and Central costs.
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