Supergroup (SGP) Reaches New 12-Month High at $2,102.00

Supergroup PLC (LON:SGP)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 2,102 ($28.11) and last traded at GBX 1,980 ($26.47), with a volume of 167318 shares traded. The stock had previously closed at GBX 1,977 ($26.43).

A number of brokerages have commented on SGP. Deutsche Bank reaffirmed a “hold” rating and set a GBX 1,990 ($26.61) target price on shares of Supergroup in a research note on Tuesday. Peel Hunt lifted their target price on shares of Supergroup from GBX 2,100 ($28.08) to GBX 2,300 ($30.75) and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, Royal Bank of Canada downgraded shares of Supergroup to a “sector performer” rating and lifted their target price for the stock from GBX 1,800 ($24.07) to GBX 1,900 ($25.40) in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Supergroup has a consensus rating of “Hold” and a consensus price target of GBX 1,961 ($26.22).

The company has a market capitalization of $1,610.00 and a P/E ratio of 2,444.44.

In other news, insider Euan Sutherland sold 55,088 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of GBX 1,840 ($24.60), for a total value of £1,013,619.20 ($1,355,287.07). Insiders bought a total of 24 shares of company stock worth $44,184 over the last three months.

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About Supergroup

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.

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