Supergroup (SGP) Given New GBX 2,300 Price Target at Peel Hunt

Supergroup (LON:SGP) had its price target raised by Peel Hunt from GBX 2,100 ($28.26) to GBX 2,300 ($30.96) in a report released on Wednesday. Peel Hunt currently has a buy rating on the stock.

Several other analysts have also weighed in on the company. Deutsche Bank began coverage on Supergroup in a report on Tuesday, November 21st. They set a hold rating and a GBX 1,990 ($26.78) price objective on the stock. Royal Bank of Canada lowered Supergroup to a sector performer rating and lifted their price objective for the stock from GBX 1,800 ($24.23) to GBX 1,900 ($25.57) in a report on Friday, November 17th. Finally, Liberum Capital reissued a hold rating and set a GBX 1,750 ($23.55) price objective on shares of Supergroup in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Supergroup currently has a consensus rating of Hold and an average price target of GBX 1,961 ($26.39).

Shares of Supergroup (LON:SGP) opened at GBX 1,984 ($26.70) on Wednesday. Supergroup has a fifty-two week low of GBX 1,435 ($19.31) and a fifty-two week high of GBX 2,000.45 ($26.92). The firm has a market capitalization of $1,620.00 and a P/E ratio of 2,449.38.

In related news, insider Euan Sutherland sold 55,088 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of GBX 1,840 ($24.76), for a total value of £1,013,619.20 ($1,364,225.03). In the last ninety days, insiders purchased 24 shares of company stock worth $44,184.

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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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