Canaccord Genuity Increases Supergroup PLC (SGP) Price Target to GBX 2,110

Supergroup PLC (LON:SGP) had its target price raised by Canaccord Genuity from GBX 2,012 ($26.06) to GBX 2,110 ($27.33) in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 35.34% from the company’s current price.

Several other brokerages have also commented on SGP. Shore Capital reaffirmed a “not rated” rating on shares of Supergroup PLC in a report on Thursday, May 11th. Liberum Capital lowered Supergroup PLC to a “hold” rating and set a GBX 1,750 ($22.67) price objective for the company. in a report on Thursday, May 11th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,900 ($24.61) price objective on shares of Supergroup PLC in a report on Thursday, June 15th. Investec reaffirmed a “buy” rating and issued a GBX 1,890 ($24.48) price objective on shares of Supergroup PLC in a report on Thursday, June 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 ($25.91) price objective on shares of Supergroup PLC in a report on Monday, March 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,838.67 ($23.82).

Supergroup PLC (LON SGP) opened at 1547.00 on Thursday. The stock’s 50 day moving average price is GBX 1,552.59 and its 200 day moving average price is GBX 1,549.83. The company’s market cap is GBX 1.26 billion. Supergroup PLC has a 1-year low of GBX 1,286.00 and a 1-year high of GBX 1,793.66.

The business also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, July 13th will be issued a dividend of GBX 20.20 ($0.26) per share. This represents a yield of 1.32%. The ex-dividend date is Thursday, July 13th. This is a positive change from Supergroup PLC’s previous dividend of $7.80.

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About Supergroup PLC

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 PLC (LON:SGP)

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