Breaking: Investec Sticks With GBX 1850.00 Target On SuperGroup PLC (LON:SGP) Shares, Sticks With Their Original Buy Rating

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SuperGroup PLC (LON:SGP) Rating Reaffirmed

The investment house has just set a target price of GBX 1850.00 on SuperGroup PLC (LON:SGP) shares. This is 11.55% from the current stock price. In a comprehensive report sent to investors on Wednesday, 2 December, Investec has decided to restate their Buy rating on shares of SGP.

From a total of 9 analysts covering SuperGroup (LON:SGP) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is GBX 1850 while the lowest target price is GBX 1200. The mean of all analyst targets is GBX 1684.11 with a 4.29% above today’s (GBX 1662) stock price. SuperGroup was the topic of 33 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on November 30 with “Buy” rating. Numis Securities maintained shares with “Hold” rating and GBX 1400 target share price in a report from a November 6. Peel Hunt maintained SGP stock in a recent report from November 27 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.

Approximately 19,738 shares of stock traded hands. Supergroup PLC (LON:SGP) has risen 67.50% since May 5, 2015 and is uptrending. It has outperformed by 67.70% the S&P500.

Breaking: Investec Sticks With GBX 1850.00 Target On SuperGroup PLC (LON:SGP) Shares, Sticks With Their Original Buy Rating

SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers clothing and accessories. The company has a market cap of 1.35 billion GBP. The Firm is the owner of the Superdry brand, which is a lifestyle brand that offers clothing, accessories, footwear and cosmetics. It has 29.79 P/E ratio. It operates in three divisions: Retail, Wholesale and Central Cost.

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