Superdry (LON:SDRY) had its target price reduced by equities researchers at Liberum Capital from GBX 600 ($7.84) to GBX 500 ($6.53) in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target suggests a potential upside of 9.79% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Royal Bank of Canada lowered their price objective on Saputo from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Friday, June 7th. Peel Hunt reaffirmed a “buy” rating on shares of Lookers in a research report on Monday. Investec cut Superdry to a “hold” rating and lowered their price objective for the company from GBX 600 ($7.84) to GBX 500 ($6.53) in a research report on Wednesday, April 3rd. Finally, UBS Group reaffirmed a “hold” rating and issued a $145.00 price objective on shares of Baidu in a research report on Friday, July 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 618.33 ($8.08).
Shares of SDRY opened at GBX 456.60 ($5.97) on Wednesday. The company has a market capitalization of $374.40 million and a PE ratio of 5.93. Superdry has a 1 year low of GBX 354 ($4.63) and a 1 year high of GBX 1,399 ($18.28). The stock’s 50-day moving average is GBX 471.85.
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 a stock portfolio tracker?
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.