Supergroup PLC’s (SGP) “Buy” Rating Reiterated at Canaccord Genuity
Supergroup PLC (LON:SGP)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity in a research note issued on Thursday. They currently have a GBX 1,847 ($22.88) target price on the stock. Canaccord Genuity’s price target suggests a potential upside of 27.64% from the stock’s previous close.
SGP has been the subject of a number of other reports. Peel Hunt restated a “buy” rating and issued a GBX 1,800 ($22.30) price objective on shares of Supergroup PLC in a report on Friday, September 30th. BNP Paribas started coverage on Supergroup PLC in a report on Friday, September 9th. They set a “neutral” rating and a GBX 1,650 ($20.44) price target for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,900 ($23.54) price target on shares of Supergroup PLC in a report on Tuesday, August 30th. Investec reiterated a “buy” rating and set a GBX 1,850 ($22.92) price target on shares of Supergroup PLC in a report on Thursday, July 14th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 1,500 ($18.58) price target on shares of Supergroup PLC in a report on Thursday, July 14th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 1,730.90 ($21.44).
Shares of Supergroup PLC (LON:SGP) opened at 1601.00 on Thursday. The company’s market cap is GBX 1.30 billion. Supergroup PLC has a 12-month low of GBX 1,100.00 and a 12-month high of GBX 1,733.49. The company’s 50-day moving average price is GBX 1,445.73 and its 200 day moving average price is GBX 1,440.94.
In related news, insider Cartwright,Andrea sold 4,456 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of GBX 1,585 ($19.63), for a total value of £70,627.60 ($87,486.19).
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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