Breaking: Canaccord Genuity Reiterates GBX 1847 Target On SuperGroup (LON:SGP) Shares, Reiterates Their Original Buy Rating

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SuperGroup (LON:SGP) Rating Reaffirmed

The financial firm has just set a target price per share of GBX 1847 on SuperGroup (LON:SGP) shares. This is 15.58% from the closing share price. In an analyst note distributed to Clients on Friday morning, Canaccord Genuity has decided to reaffirm their Buy rating on shares of SGP.

From a total of 8 analysts covering SuperGroup (LON:SGP) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is GBX 1850 while the lowest target price is GBX 1100. The mean of all analyst targets is GBX 1733.38 with a 5.50% above today’s (GBX 1643) stock price. SuperGroup was the topic of 32 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on November 27 with “Buy” rating. Numis Securities maintained shares with “Hold” rating and GBX 1400 target share price in a report from a November 6. Berenberg maintained SGP stock in a recent report from November 26 with “Buy” rating. Cantor Fitzgerald maintained the rating on November 5. Cantor Fitzgerald has a “Buy” rating and a GBX 1600 price target on shares. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a November 9.

The stock increased 4.98% or GBX 78 on November 27, striking GBX 1643. Approximately 247,008 shares of stock traded hands or 30.49% up from the average. Universal SRG Group Ltd (LON:SGP) has risen 63.65% since May 1, 2015 and is uptrending. It has outperformed by 64.54% the S&P500.

Breaking: Canaccord Genuity Reiterates GBX 1847 Target On SuperGroup (LON:SGP) Shares, Reiterates Their Original Buy Rating

Universal SRG Group Limited is a United Kingdom subsidiary of Universal Music Group Inc. , a music firm with three main businesses: recorded music, music publishing and merchandising. The company has a market cap of 1.33 billion GBP.

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