Superdry (LON:SDRY) Price Target Raised to GBX 600

Superdry (LON:SDRY) had its target price raised by Liberum Capital from GBX 500 ($6.53) to GBX 600 ($7.84) in a research report released on Wednesday, Digital Look reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on SDRY. Berenberg Bank restated a hold rating and set a GBX 650 ($8.49) price target on shares of Superdry in a report on Monday, July 29th. Jefferies Financial Group initiated coverage on shares of Superdry in a research report on Wednesday, July 10th. They issued a buy rating for the company. Royal Bank of Canada increased their price target on shares of Superdry from GBX 500 ($6.53) to GBX 560 ($7.32) and gave the stock a sector performer rating in a research report on Thursday, July 25th. Peel Hunt reissued a hold rating on shares of Superdry in a research report on Monday. Finally, UBS Group reissued a neutral rating and issued a GBX 440 ($5.75) price target (down previously from GBX 460 ($6.01)) on shares of Superdry in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 598.57 ($7.82).

SDRY stock traded up GBX 10.60 ($0.14) during mid-day trading on Wednesday, reaching GBX 454.60 ($5.94). 505,449 shares of the stock traded hands, compared to its average volume of 154,951. Superdry has a 52 week low of GBX 354 ($4.63) and a 52 week high of GBX 893.50 ($11.68). The business has a 50-day moving average of GBX 410.48 and a two-hundred day moving average of GBX 448.47. The firm has a market capitalization of $364.08 million and a PE ratio of -3.78.

In other news, insider Julian Dunkerton acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of GBX 398 ($5.20) per share, with a total value of £199,000 ($260,028.75).

About Superdry

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.

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