Supergroup (SGP) Rating Reiterated by Deutsche Bank

Supergroup (LON:SGP)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a research note issued on Thursday. They currently have a GBX 1,990 ($26.99) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 8.03% from the company’s previous close.

SGP has been the topic of several other reports. Peel Hunt upped their price objective on shares of Supergroup from GBX 1,900 ($25.77) to GBX 2,100 ($28.48) and gave the company a “buy” rating in a report on Wednesday, October 4th. Royal Bank of Canada downgraded shares of Supergroup to a “sector performer” rating and increased their price target for the stock from GBX 1,800 ($24.41) to GBX 1,900 ($25.77) in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,961 ($26.59).

Supergroup (LON SGP) traded up GBX 23 ($0.31) during midday trading on Thursday, reaching GBX 1,842 ($24.98). 395,165 shares of the company’s stock traded hands, compared to its average volume of 153,512. The stock has a market capitalization of $1,510.00 and a P/E ratio of 2,331.65. Supergroup has a 1-year low of GBX 1,435 ($19.46) and a 1-year high of GBX 2,102 ($28.51).

In other news, insider Euan Sutherland sold 55,088 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of GBX 1,840 ($24.95), for a total value of £1,013,619.20 ($1,374,585.30).

COPYRIGHT VIOLATION NOTICE: “Supergroup (SGP) Rating Reiterated by Deutsche Bank” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/13/supergroup-sgp-rating-reiterated-by-deutsche-bank.html.

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)

Receive News & Ratings for Supergroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Supergroup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply