SuperGroup (SGP) Given “Buy” Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of SuperGroup (LON:SGP) in a report published on Tuesday morning. They currently have a GBX 2,100 ($28.26) target price on the stock.

Several other analysts also recently issued reports on SGP. Liberum Capital reissued a hold rating and issued a GBX 1,750 ($23.55) price objective on shares of SuperGroup in a research note on Friday, August 25th. Barclays reissued an underweight rating on shares of SuperGroup in a research note on Monday, August 14th. Deutsche Bank assumed coverage on shares of SuperGroup in a research note on Tuesday, November 21st. They issued a hold rating and a GBX 1,990 ($26.78) price objective for the company. Finally, Royal Bank Of Canada downgraded shares of SuperGroup to a sector performer rating and raised their price objective for the stock from GBX 1,800 ($24.23) to GBX 1,900 ($25.57) in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 1,936 ($26.06).

SuperGroup (SGP) traded down GBX 9 ($0.12) during midday trading on Tuesday, hitting GBX 1,966 ($26.46). The company’s stock had a trading volume of 91,258 shares, compared to its average volume of 259,621. SuperGroup has a 1 year low of GBX 1,435 ($19.31) and a 1 year high of GBX 2,000.45 ($26.92).

In other news, insider Euan Sutherland sold 55,088 shares of the firm’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). Over the last ninety days, insiders have bought 26 shares of company stock worth $44,436.

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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.

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