Superdry (LON:SDRY) was upgraded by equities researchers at Liberum Capital to a “buy” rating in a report issued on Wednesday, May 22nd, LSE.Co.UK reports. The firm currently has a GBX 600 ($7.84) price target on the stock, up from their previous price target of GBX 500 ($6.53). Liberum Capital’s price objective would suggest a potential upside of 26.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on SDRY. Peel Hunt reaffirmed a “hold” rating on shares of Superdry in a research report on Monday, April 29th. Investec cut Superdry to a “hold” rating and decreased their price objective for the stock from GBX 600 ($7.84) to GBX 500 ($6.53) in a research report on Wednesday, April 3rd. Finally, UBS Group reissued a “neutral” rating on shares of Superdry in a report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Superdry has a consensus rating of “Hold” and an average target price of GBX 774.29 ($10.12).
LON:SDRY traded down GBX 5.20 ($0.07) during mid-day trading on Wednesday, reaching GBX 476.20 ($6.22). 268,236 shares of the stock were exchanged, compared to its average volume of 154,951. Superdry has a 1 year low of GBX 354 ($4.63) and a 1 year high of GBX 1,406 ($18.37). The company has a market capitalization of $402.60 million and a PE ratio of 6.18.
Superdry Plc engages in the design, production, and sale of clothing and accessories primarily under the Superdry brand for men and women in the United Kingdom, the Republic of Ireland, Europe, and internationally. It operates through two segments, Retail and Wholesale. The Retail segment operates stores, concessions, and various Internet sites, which sell company's own brand and third party clothing, footwear, and accessories.
Recommended Story: What is the Current Ratio?
Receive News & Ratings for Superdry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superdry and related companies with MarketBeat.com's FREE daily email newsletter.