SuperGroup Receives Buy Rating from Canaccord Genuity (SGP)

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SuperGroup (LON: SGP)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 1,000 ($15.24) target price on the stock. Canaccord Genuity’s price objective suggests a potential upside of 50.38% from the company’s current price.

A number of other analysts have also recently weighed in on SGP. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of SuperGroup in a research note to investors on Tuesday, June 4th. They now have a GBX 820 ($12.49) price target on the stock. Separately, analysts at Bank of America raised their price target on shares of SuperGroup from GBX 800 ($12.19) to GBX 900 ($13.71) in a research note to investors on Tuesday, May 28th. They now have a “buy” rating on the stock. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of SuperGroup in a research note to investors on Thursday, May 9th. They now have a GBX 715 ($10.89) price target on the stock.

One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. SuperGroup presently has a consensus rating of “Buy” and a consensus target price of GBX 721.06 ($10.99).

Shares of SuperGroup (LON: SGP) opened at 655.00 on Tuesday. SuperGroup has a one year low of GBX 260.911 and a one year high of GBX 799.00. The stock’s 50-day moving average is currently GBX 632.9. The company’s market cap is £525.5 million.

SuperGroup Plc, formerly DKH Clothing Plc. is United Kingdom-based retailer. It focuses on the youth fashion market with its clothing and accessories for both men and women.

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