Berenberg Bank Cuts Superdry (SDRY) Price Target to GBX 1,920
Superdry (LON:SDRY) had its target price reduced by Berenberg Bank from GBX 2,260 ($28.89) to GBX 1,920 ($24.54) in a research report report published on Wednesday. Berenberg Bank currently has a buy rating on the stock.
Several other analysts also recently weighed in on the stock. Liberum Capital dropped their target price on shares of Superdry from GBX 2,100 ($26.84) to GBX 1,350 ($17.26) and set a hold rating for the company in a report on Friday, May 18th. Peel Hunt reiterated a buy rating and issued a GBX 2,300 ($29.40) target price on shares of Superdry in a report on Thursday, May 3rd. Royal Bank of Canada dropped their target price on shares of Superdry from GBX 1,900 ($24.29) to GBX 1,400 ($17.90) and set a sector perform rating for the company in a report on Tuesday, June 12th. JPMorgan Chase & Co. dropped their target price on shares of Superdry from GBX 2,170 ($27.74) to GBX 2,090 ($26.72) and set an overweight rating for the company in a report on Friday, May 11th. Finally, Deutsche Bank upgraded shares of Superdry to a buy rating and lifted their target price for the company from GBX 1,430 ($18.28) to GBX 1,610 ($20.58) in a report on Wednesday, July 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 1,736.67 ($22.20).
Superdry stock opened at GBX 1,183 ($15.12) on Wednesday. Superdry has a fifty-two week low of GBX 1,438 ($18.38) and a fifty-two week high of GBX 2,102 ($26.87).
In other Superdry news, insider Penny Hughes purchased 1,230 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was acquired at an average price of GBX 1,212 ($15.49) per share, for a total transaction of £14,907.60 ($19,056.12). Also, insider Euan Sutherland sold 3,480 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of GBX 1,126 ($14.39), for a total transaction of £39,184.80 ($50,089.22). In the last 90 days, insiders acquired 1,254 shares of company stock valued at $1,520,100.
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, 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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