Berenberg Bank Cuts Superdry (SDRY) Price Target to GBX 1,200

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Superdry (LON:SDRY) had its target price lowered by Berenberg Bank from GBX 1,920 ($25.09) to GBX 1,200 ($15.68) in a research note released on Tuesday. The brokerage currently has a buy rating on the stock.

SDRY has been the subject of several other reports. Peel Hunt reissued a buy rating on shares of Superdry in a report on Thursday, July 5th. Liberum Capital reissued a buy rating and set a GBX 1,400 ($18.29) price target (up from GBX 1,350 ($17.64)) on shares of Superdry in a report on Thursday, July 5th. Deutsche Bank raised shares of Superdry to a buy rating and increased their price target for the stock from GBX 1,430 ($18.69) to GBX 1,610 ($21.04) in a report on Wednesday, July 11th. Finally, Royal Bank of Canada reissued a sector perform rating and set a GBX 1,500 ($19.60) price target on shares of Superdry in a report on Monday, October 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Superdry has an average rating of Buy and a consensus price target of GBX 1,633.33 ($21.34).

LON SDRY opened at GBX 733 ($9.58) on Tuesday. Superdry has a 52-week low of GBX 1,438 ($18.79) and a 52-week high of GBX 2,102 ($27.47).

In related news, insider Euan Sutherland sold 3,480 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of GBX 1,126 ($14.71), for a total transaction of £39,184.80 ($51,201.88).

Superdry Company Profile

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, 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.

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Analyst Recommendations for Superdry (LON:SDRY)

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