SGP, BUMPER Analyst SP target.....27 Nov 2015 13:06
<b>Supergroup PLC Stock Rating Reaffirmed by Canaccord Genuity (SGP)
November 27th, 2015 • by ABMN Staff</b>
Supergroup PLC logoSupergroup PLC (LON:SGP)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity in a report released on Friday, Market Beat Ratings reports. They currently have a GBX 1,847 ($27.94) target price on the stock. Canaccord Genuity’s price objective suggests a potential upside of 18.02% from the company’s current price.
Supergroup PLC (LON:SGP) opened at 1600.0000 on Friday. Supergroup PLC has a 52-week low of GBX 750.00 and a 52-week high of GBX 1,690.08. The stock’s market capitalization is GBX 1.30 billion. The firm’s 50-day moving average is GBX 1,511.42 and its 200 day moving average is GBX 1,365.93.
In other news, insider Holder,James sold 264,900 shares of Supergroup PLC stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of GBX 1,510 ($22.84), for a total transaction of £3,999,990 ($6,050,506.73).
Several other research analysts have also recently weighed in on SGP. Liberum Capital reiterated a “buy” rating and set a GBX 1,280 ($19.36) price target on shares of Supergroup PLC in a research report on Monday, October 12th. Peel Hunt raised their target price on shares of Supergroup PLC from GBX 1,600 ($24.20) to GBX 1,800 ($27.23) and gave the stock a “buy” rating in a report on Friday. Investec raised their price target on Supergroup PLC from GBX 1,450 ($21.93) to GBX 1,850 ($27.98) and gave the stock a “buy” rating in a research note on Thursday, November 5th. Berenberg Bank raised their price objective on Supergroup PLC from GBX 1,390 ($21.03) to GBX 1,800 ($27.23) and gave the company a “buy” rating in a research report on Thursday. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,400 ($21.18) price target on shares of Supergroup PLC in a research report on Friday, November 6th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,543.33 ($23.34).
SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers clothing and accessories. The Company is the owner of the Superdry brand, which is a lifestyle brand that offers clothing, accessories, footwear and cosmetics. It operates in three segments: Retail, Wholesale and Central Cost. Superdry has over 135 United Kingdom and European standalone retail stores and operates from a portfolio of concessions, franchised and licensed stores. Superdry is sold in over 100 countries, through its store portfolio and Websites. Superdry offers t-shirts, polo shirts, hoods and sweats, denim, joggers, tops, dresses, jackets, shirts, knitwear, footwear, as well as a range