Superdry PLC (LON:SDRY) Receives GBX 590 Average Price Target from Brokerages

Superdry PLC (LON:SDRY) has received an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 590 ($7.71).

A number of research firms recently commented on SDRY. Morgan Stanley began coverage on Superdry in a research note on Monday, July 22nd. They issued an “overweight” rating and a GBX 890 ($11.63) target price on the stock. Peel Hunt reissued a “hold” rating on shares of Superdry in a research note on Monday, July 8th. UBS Group reissued a “neutral” rating and issued a GBX 440 ($5.75) target price (down previously from GBX 460 ($6.01)) on shares of Superdry in a research note on Wednesday, August 21st. Jefferies Financial Group began coverage on Superdry in a research note on Wednesday, July 10th. They issued a “buy” rating on the stock. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 650 ($8.49) target price on shares of Superdry in a research note on Monday, July 29th.

In other news, insider Julian Dunkerton bought 50,000 shares of Superdry stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of GBX 398 ($5.20) per share, with a total value of £199,000 ($260,028.75). Also, insider Simon Callander sold 5,061 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of GBX 415 ($5.42), for a total value of £21,003.15 ($27,444.34). In the last three months, insiders purchased 50,065 shares of company stock worth $19,930,124.

Shares of Superdry stock traded up GBX 10 ($0.13) during trading on Thursday, hitting GBX 410 ($5.36). The stock had a trading volume of 240,723 shares, compared to its average volume of 154,951. The firm has a market cap of $336.20 million and a price-to-earnings ratio of -3.41. Superdry has a 12 month low of GBX 354 ($4.63) and a 12 month high of GBX 1,184 ($15.47). The business’s 50-day moving average is GBX 410.69 and its 200 day moving average is GBX 470.51.

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, July 18th. This represents a yield of 0.5%. Superdry’s dividend payout ratio is presently -0.10%.

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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Analyst Recommendations for Superdry (LON:SDRY)

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