Deutsche Bank AG Initiates Coverage on SuperGroup Plc (SGP)

Research analysts at Deutsche Bank AG started coverage on shares of SuperGroup Plc (LON:SGP) in a research note issued on Tuesday. The firm set a “hold” rating and a GBX 1,990 ($26.17) price target on the stock. Deutsche Bank AG’s target price indicates a potential upside of 1.88% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 2,100 ($27.62) target price on shares of SuperGroup Plc in a report on Friday, November 3rd. Barclays PLC reiterated an “underweight” rating on shares of SuperGroup Plc in a report on Monday, August 14th. Liberum Capital reiterated a “hold” rating and issued a GBX 1,750 ($23.02) target price on shares of SuperGroup Plc in a report on Friday, August 25th. Finally, Royal Bank Of Canada lowered SuperGroup Plc to a “sector performer” rating and lifted their target price for the company from GBX 1,800 ($23.67) to GBX 1,900 ($24.99) in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. SuperGroup Plc presently has a consensus rating of “Hold” and an average target price of GBX 1,936 ($25.46).

SuperGroup Plc (SGP) opened at GBX 1,953.29 ($25.69) on Tuesday. SuperGroup Plc has a fifty-two week low of GBX 1,435 ($18.87) and a fifty-two week high of GBX 2,000.45 ($26.31).

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In other SuperGroup Plc news, insider Euan Sutherland sold 55,088 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of GBX 1,840 ($24.20), for a total value of £1,013,619.20 ($1,333,183.22). Over the last 90 days, insiders acquired 26 shares of company stock worth $44,436.

SuperGroup Plc Company Profile

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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