Peel Hunt Reiterates “Buy” Rating for SuperGroup (SGP)
SuperGroup (LON:SGP)‘s stock had its “buy” rating reiterated by Peel Hunt in a research report issued on Tuesday. They presently have a GBX 2,100 ($28.26) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 8.65% from the company’s previous close.
Several other analysts have also recently issued reports on the stock. Royal Bank Of Canada cut shares of SuperGroup to a “sector performer” rating and boosted their price objective for the company from GBX 1,800 ($24.23) to GBX 1,900 ($25.57) in a research note on Friday, November 17th. Deutsche Bank started coverage on shares of SuperGroup in a report on Tuesday, November 21st. They set a “hold” rating and a GBX 1,990 ($26.78) target price on the stock. Barclays restated an “underweight” rating on shares of SuperGroup in a report on Monday, August 14th. Finally, Liberum Capital restated a “hold” rating and set a GBX 1,750 ($23.55) target price on shares of SuperGroup in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,936 ($26.06).
Shares of SuperGroup (SGP) traded down GBX 0.17 ($0.00) during midday trading on Tuesday, hitting GBX 1,932.83 ($26.01). 202,141 shares of the stock traded hands, compared to its average volume of 253,796. SuperGroup has a one year low of GBX 1,435 ($19.31) and a one year high of GBX 2,000.45 ($26.92).
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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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