Supergroup PLC (SGP) Receives Average Recommendation of “Hold” from Analysts
Supergroup PLC (LON:SGP) has been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,028.57 ($28.03).
A number of brokerages have issued reports on SGP. Berenberg Bank increased their price target on Supergroup from GBX 2,050 ($28.32) to GBX 2,260 ($31.22) and gave the company a “buy” rating in a research note on Tuesday, January 16th. Royal Bank of Canada downgraded Supergroup to a “sector performer” rating and increased their price objective for the company from GBX 1,800 ($24.87) to GBX 1,900 ($26.25) in a research report on Friday, November 17th. Peel Hunt reiterated a “buy” rating and set a GBX 2,300 ($31.78) price objective on shares of Supergroup in a research report on Thursday, January 4th. Finally, Deutsche Bank reiterated a “hold” rating and set a GBX 1,990 ($27.49) price objective on shares of Supergroup in a research report on Tuesday, January 2nd.
Shares of Supergroup (LON SGP) traded up GBX 1,776 ($24.54) during midday trading on Tuesday, reaching GBX 1,776 ($24.54). The company’s stock had a trading volume of 267,398 shares, compared to its average volume of 154,911. The company has a market cap of $1,480.00 and a price-to-earnings ratio of 2,248.10. Supergroup has a 52-week low of GBX 1,435 ($19.83) and a 52-week high of GBX 2,102 ($29.04).
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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