Breaking: SuperGroup PLC (LON:SGP) “Buy” Rating Reconfirmed by Investec Today; The PT Given is GBX 1850.00

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SuperGroup PLC (LON:SGP) Rating Reaffirmed

SuperGroup PLC (LON:SGP) just had their share rating of a ‘”Buy”‘ issued by research analysts at Investec, who now has a GBX 1850.00 TP on the 1.22B GBP market cap company or a 24.45% upside potential. This key information was announced to investors in a very recent research note on Tuesday morning.

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 16.69% above today’s (GBX 1499) stock price. SuperGroup was the topic of 36 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 7 with “Outperform” rating. Peel Hunt maintained shares with “Buy” rating and GBX 1800 target share price in a report from a November 27. Investec maintained SGP stock in a recent report from December 2 with “Buy” rating. Berenberg maintained the rating on November 26. Berenberg has a “Buy” rating and a GBX 1800 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a November 27.

Approximately 169,119 shares of stock traded hands. Supergroup PLC (LON:SGP) has risen 47.18% since May 18, 2015 and is uptrending. It has outperformed by 50.86% the S&P500.

Breaking: SuperGroup PLC (LON:SGP)

SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers clothing and accessories. The company has a market cap of 1.22 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 26.87 P/E ratio. It operates in three divisions: Retail, Wholesale and Central Cost.

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