Superdry’s (SDRY) Buy Rating Reiterated at Peel Hunt

Superdry (LON:SDRY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, October 17th.

SDRY has been the subject of a number of other reports. Liberum Capital reiterated a “buy” rating on shares of Superdry in a research note on Wednesday, July 11th. Berenberg Bank cut their price objective on Superdry from GBX 1,920 ($25.09) to GBX 1,200 ($15.68) and set a “buy” rating on the stock in a report on Tuesday, October 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 1,500 ($19.60) price objective on shares of Superdry in a report on Monday, October 15th. Finally, Deutsche Bank raised Superdry to a “buy” rating and increased their price objective for the company from GBX 1,430 ($18.69) to GBX 1,610 ($21.04) in a report on Wednesday, July 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,400 ($18.29).

Shares of LON SDRY traded down GBX 32.50 ($0.42) during mid-day trading on Wednesday, reaching GBX 799.50 ($10.45). 586,426 shares of the company were exchanged, compared to its average volume of 154,951. Superdry has a 1 year low of GBX 1,438 ($18.79) and a 1 year high of GBX 2,102 ($27.47).

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

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, 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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