Peel Hunt Reiterates “Buy” Rating for Supergroup PLC (SGP)

Supergroup PLC (LON:SGP)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a report released on Friday. They currently have a GBX 1,900 ($24.54) target price on the stock. Peel Hunt’s target price indicates a potential upside of 21.48% from the company’s current price.

A number of other brokerages also recently weighed in on SGP. Liberum Capital reissued a “hold” rating and issued a GBX 1,750 ($22.60) price target on shares of Supergroup PLC in a report on Friday, August 25th. Barclays PLC reissued an “underweight” rating on shares of Supergroup PLC in a report on Monday, August 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,850 ($23.89) price target on shares of Supergroup PLC in a report on Friday, July 7th. Investec reissued a “buy” rating and issued a GBX 1,890 ($24.41) price target on shares of Supergroup PLC in a report on Thursday, June 29th. Finally, Canaccord Genuity boosted their price objective on Supergroup PLC from GBX 2,012 ($25.98) to GBX 2,110 ($27.25) and gave the company a “buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 1,862.25 ($24.05).

Supergroup PLC (LON:SGP) opened at 1564.00 on Friday. Supergroup PLC has a 52-week low of GBX 1,309.00 and a 52-week high of GBX 1,793.66. The company’s market capitalization is GBX 1.27 billion. The company’s 50-day moving average is GBX 1,560.86 and its 200-day moving average is GBX 1,536.95.

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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.

Analyst Recommendations for Supergroup PLC (LON:SGP)

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