SuperGroup Plc (SGP) Lowered to “Sector Performer” at Royal Bank Of Canada
SuperGroup Plc (LON:SGP) was downgraded by analysts at Royal Bank Of Canada to a “sector performer” rating in a note issued to investors on Friday, Marketbeat.com reports. They currently have a GBX 1,900 ($24.99) price target on the stock, up from their prior price target of GBX 1,800 ($23.67). Royal Bank Of Canada’s price target suggests a potential downside of 2.31% from the stock’s current price.
SGP has been the topic of a number of other reports. Peel Hunt upped their price target on shares of SuperGroup Plc from GBX 1,900 ($24.99) to GBX 2,100 ($27.62) and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Barclays PLC reissued an “underweight” rating on shares of SuperGroup Plc in a research note on Monday, August 14th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 1,750 ($23.02) price objective on shares of SuperGroup Plc in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. SuperGroup Plc currently has an average rating of “Buy” and a consensus target price of GBX 1,928.29 ($25.36).
SuperGroup Plc (LON SGP) traded down GBX 24 ($0.32) during trading hours on Friday, hitting GBX 1,945 ($25.58). 211,554 shares of the stock were exchanged, compared to its average volume of 285,082. SuperGroup Plc has a fifty-two week low of GBX 1,435 ($18.87) and a fifty-two week high of GBX 2,000.45 ($26.31).
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In related news, insider Euan Sutherland sold 55,088 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of GBX 1,840 ($24.20), for a total value of £1,013,619.20 ($1,333,183.22). Over the last three months, insiders purchased 26 shares of company stock worth $44,436.
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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