Superdry (LON:SDRY) Price Target Lowered to GBX 500 at Liberum Capital

Superdry (LON:SDRY) had its price target cut by Liberum Capital from GBX 600 ($7.84) to GBX 500 ($6.53) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on SDRY. UBS Group reissued a hold rating and set a $145.00 target price on shares of Baidu in a research note on Friday, July 5th. Peel Hunt reaffirmed a buy rating on shares of Lookers in a research note on Monday, July 8th. Royal Bank of Canada dropped their price target on Saputo from C$52.00 to C$50.00 and set an outperform rating for the company in a research note on Friday, June 7th. Finally, Investec cut shares of Superdry to a hold rating and cut their price target for the company from GBX 600 ($7.84) to GBX 500 ($6.53) in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 618.33 ($8.08).

SDRY opened at GBX 466.40 ($6.09) on Wednesday. The firm’s 50 day simple moving average is GBX 471.44. The company has a market cap of $382.44 million and a price-to-earnings ratio of 6.06. Superdry has a one year low of GBX 354 ($4.63) and a one year high of GBX 1,399 ($18.28).

The business also recently declared a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, July 18th will be paid a GBX 2.20 ($0.03) dividend. This represents a yield of 0.5%. The ex-dividend date is Thursday, July 18th. Superdry’s payout ratio is currently 0.40%.

Superdry Company Profile

Superdry Plc engages in the design, production, and sale of clothing and accessories primarily under the Superdry brand for men and women in the United Kingdom, the Republic of Ireland, Europe, and internationally. It operates through two segments, Retail and Wholesale. The Retail segment operates stores, concessions, and various Internet sites, which sell company's own brand and third party clothing, footwear, and accessories.

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