Should Investors Be Selling SuperGroup PLC (LON:SGP)? Liberum Capital Has Just Downgraded The Stock


SuperGroup PLC (LON:SGP) Receives a Downgrade

Just today SuperGroup PLC (LON:SGP) has been cut by research professionals working for Liberum Capital to a solid “Hold” rating. This was announced in a an interesting research report issued to clients and investors on 15 December. The firm after the upgrade has a GBX 1500.00 target price on shares. Liberum Capital’s target price suggests a possible downside of -0.76%.

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 17.50% above today’s (GBX 1488.59) 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 144,520 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.

 Should Investors Be Selling SuperGroup PLC (LON:SGP)? Liberum Capital Has Just Downgraded The Stock

SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers clothing and accessories. The company has a market cap of 1.21 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 26.68 P/E ratio. It operates in three divisions: Retail, Wholesale and Central Cost.