SuperGroup Plc (SGP) Rating Lowered to Sector Performer at Royal Bank Of Canada

SuperGroup Plc (LON:SGP) was downgraded by analysts at Royal Bank Of Canada to a “sector performer” rating in a report released on Friday. They presently have a GBX 1,900 ($24.99) target price on the stock, up from their prior target price of GBX 1,800 ($23.67). Royal Bank Of Canada’s price objective would indicate a potential downside of 2.31% from the stock’s previous close.

A number of other brokerages have also recently weighed in on SGP. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,100 ($27.62) price objective on shares of SuperGroup Plc in a research note on Friday, November 3rd. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,750 ($23.02) price objective on shares of SuperGroup Plc in a research note on Friday, August 25th. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of SuperGroup Plc in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. SuperGroup Plc presently has a consensus rating of “Buy” and an average price target of GBX 1,928.29 ($25.36).

Shares of SuperGroup Plc (LON:SGP) opened at GBX 1,945 ($25.58) on Friday. SuperGroup Plc has a one year low of GBX 1,435 ($18.87) and a one year high of GBX 2,000.45 ($26.31).

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In related news, insider Euan Sutherland sold 55,088 shares of SuperGroup Plc stock in a transaction on Monday, October 23rd. The stock was sold at an average price of GBX 1,840 ($24.20), for a total value of £1,013,619.20 ($1,333,183.22). Over the last quarter, insiders purchased 26 shares of company stock valued at $44,436.

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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