Supergroup PLC (SGP) Given Buy Rating at Canaccord Genuity
Supergroup PLC (LON:SGP)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday. They presently have a GBX 1,847 ($24.11) price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 24.04% from the stock’s current price.
SGP has been the subject of several other research reports. BNP Paribas started coverage on shares of Supergroup PLC in a research note on Friday, September 9th. They set a “neutral” rating and a GBX 1,650 ($21.54) price target for the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,900 ($24.80) price target on shares of Supergroup PLC in a research note on Tuesday, August 30th. Investec restated a “buy” rating and set a GBX 1,850 ($24.15) price target on shares of Supergroup PLC in a research note on Thursday, July 14th. Shore Capital reaffirmed a “buy” rating on shares of Supergroup PLC in a report on Tuesday, June 14th. Finally, Liberum Capital raised shares of Supergroup PLC to a “buy” rating and set a GBX 1,500 ($19.58) price objective for the company in a report on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,730.90 ($22.59).
Shares of Supergroup PLC (LON:SGP) opened at 1489.00 on Friday. Supergroup PLC has a 52 week low of GBX 1,100.00 and a 52 week high of GBX 1,733.49. The company has a 50 day moving average price of GBX 1,522.97 and a 200 day moving average price of GBX 1,429.71. The company’s market capitalization is GBX 1.21 billion.
The firm also recently declared a dividend, which was paid on Friday, September 23rd. Shareholders of record on Thursday, July 21st were paid a GBX 37 ($0.48) dividend. This represents a yield of 2.36%. This is a positive change from Supergroup PLC’s previous dividend of $6.20. The ex-dividend date was Thursday, July 21st.
In other Supergroup PLC news, insider Cartwright,Andrea sold 4,456 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of GBX 1,585 ($20.69), for a total value of £70,627.60 ($92,191.10).
About Supergroup PLC
SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers clothing and accessories. The Company is the owner of the Superdry brand, which is a lifestyle brand that offers clothing, accessories, footwear and cosmetics. It operates in three segments: Retail, Wholesale and Central Cost.
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