Published On: Sun, Sep 18th, 2016

Royal Bank Of Canada Reaffirms “Outperform” Rating for Supergroup PLC (SGP)

Supergroup PLC (LON:SGP)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research note issued on Monday.
Several other research firms have also issued reports on SGP. Shore Capital reissued a “buy” rating on shares of Supergroup PLC in a research note on Tuesday, June 14th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,400 ($18.65) price target on shares of Supergroup PLC in a research note on Monday, May 16th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,847 ($24.60) price target on shares of Supergroup PLC in a research note on Thursday, June 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,640 ($21.84) price target on shares of Supergroup PLC in a research note on Wednesday, May 18th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,800 ($23.97) price target on shares of Supergroup PLC in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 1,730.90 ($23.05).
Shares of Supergroup PLC (LON:SGP) opened at 1492.00 on Monday. The company’s 50-day moving average price is GBX 1,550.81 and its 200 day moving average price is GBX 1,422.26. The firm’s market cap is GBX 1.21 billion. Supergroup PLC has a 1-year low of GBX 1,100.00 and a 1-year high of GBX 1,733.49.

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The firm also recently declared a dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, July 21st will be issued a dividend of GBX 37 ($0.49) per share. This represents a yield of 2.36%. The ex-dividend date is Thursday, July 21st. This is an increase from Supergroup PLC’s previous dividend of $6.20.
In related news, insider Cartwright,Andrea sold 4,456 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of GBX 1,585 ($21.11), for a total transaction of £70,627.60 ($94,069.79).
About Supergroup PLC
SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers clothing and accessories. The Company is the owner of the Superdry brand, which is a lifestyle brand that offers clothing, accessories, footwear and cosmetics. It operates in three segments: Retail, Wholesale and Central Cost.

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