Supergroup PLC’s (SGP) Buy Rating Reiterated at Peel Hunt

Supergroup PLC (LON:SGP)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research report issued on Friday. They presently have a GBX 2,100 ($27.71) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 13.80% from the stock’s previous close.

A number of other research firms have also recently issued reports on SGP. Liberum Capital restated a “hold” rating and issued a GBX 1,750 ($23.09) price objective on shares of Supergroup PLC in a research report on Friday, August 25th. Barclays PLC restated an “underweight” rating on shares of Supergroup PLC in a research report on Monday, August 14th. Berenberg Bank restated a “buy” rating and issued a GBX 1,850 ($24.41) price objective on shares of Supergroup PLC in a research report on Friday, July 7th. Finally, Canaccord Genuity boosted their price objective on shares of Supergroup PLC from GBX 2,012 ($26.55) to GBX 2,110 ($27.84) and gave the company a “buy” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Supergroup PLC presently has a consensus rating of “Buy” and a consensus price target of GBX 1,887.25 ($24.90).

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In related news, insider Euan Sutherland sold 55,088 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of GBX 1,840 ($24.28), for a total transaction of £1,013,619.20 ($1,337,581.42). Insiders have purchased 28 shares of company stock worth $44,966 in the last quarter.

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.

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