SuperGroup Plc (SGP) Cut to “Sector Performer” at Royal Bank Of Canada
SuperGroup Plc (LON:SGP) was downgraded by analysts at Royal Bank Of Canada to a “sector performer” rating in a report issued on Friday, Marketbeat.com reports. They currently have a GBX 1,900 ($24.99) price target on the stock, up from their previous price target of GBX 1,800 ($23.67). Royal Bank Of Canada’s price target would suggest a potential downside of 2.51% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Peel Hunt restated a “buy” rating and issued a GBX 2,100 ($27.62) price objective on shares of SuperGroup Plc in a research report on Thursday, November 9th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,750 ($23.02) target price on shares of SuperGroup Plc in a research note on Friday, August 25th. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of SuperGroup Plc in a research note on Monday, August 14th. One equities 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 company’s stock. SuperGroup Plc has an average rating of “Hold” and a consensus target price of GBX 1,936 ($25.46).
Shares of SuperGroup Plc (LON SGP) remained flat at $GBX 1,949 ($25.63) during midday trading on Friday. The stock had a trading volume of 74,673 shares, compared to its average volume of 289,563. SuperGroup Plc has a fifty-two week low of GBX 1,435 ($18.87) and a fifty-two week high of GBX 2,000.45 ($26.31).
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In related news, insider Euan Sutherland sold 55,088 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of GBX 1,840 ($24.20), for a total value of £1,013,619.20 ($1,333,183.22). Insiders purchased 26 shares of company stock worth $44,436 over the last ninety days.
SuperGroup Plc Company Profile
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.
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