SuperGroup (SGP) Receives “Buy” Rating from Peel Hunt

SuperGroup (LON:SGP)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a research note issued to investors on Tuesday, December 5th. They currently have a GBX 2,100 ($28.26) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 10.01% from the stock’s current price.

SGP has been the subject of several other reports. Deutsche Bank initiated coverage on shares of SuperGroup in a research note on Tuesday, November 21st. They set a “hold” rating and a GBX 1,990 ($26.78) target price for the company. Royal Bank of Canada lowered shares of SuperGroup to a “sector performer” rating and increased their target price for the company from GBX 1,800 ($24.23) to GBX 1,900 ($25.57) in a research note on Friday, November 17th. Barclays reissued an “underweight” rating on shares of SuperGroup in a research note on Monday, August 14th. Finally, Liberum Capital reissued a “hold” rating and set a GBX 1,750 ($23.55) target price on shares of SuperGroup in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,936 ($26.06).

SuperGroup (SGP) opened at GBX 1,910.10 ($25.71) on Tuesday. SuperGroup has a one year low of GBX 1,435 ($19.31) and a one year high of GBX 2,000.45 ($26.92).

In other news, insider Euan Sutherland sold 55,088 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of GBX 1,840 ($24.76), for a total transaction of £1,013,619.20 ($1,364,225.03).

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About SuperGroup

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 (LON:SGP)

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