Superdry (SDRY) Rating Reiterated by Peel Hunt

Superdry (LON:SDRY)‘s stock had its “buy” rating reissued by equities research analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 1,200 ($15.68) price target on the stock. Peel Hunt’s price objective points to a potential upside of 44.23% from the company’s previous close.

Several other brokerages have also recently commented on SDRY. Liberum Capital cut Superdry to a “hold” rating in a research report on Tuesday, July 24th. Deutsche Bank upgraded Superdry to a “buy” rating and upped their price objective for the company from GBX 1,430 ($18.69) to GBX 1,610 ($21.04) in a research note on Wednesday, July 11th. Berenberg Bank dropped their price objective on Superdry from GBX 2,260 ($29.53) to GBX 1,920 ($25.09) and set a “buy” rating on the stock in a research note on Wednesday, August 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a GBX 1,500 ($19.60) price objective on shares of Superdry in a research note on Monday, October 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 1,500 ($19.60).

LON SDRY traded down GBX 24.50 ($0.32) during trading hours on Tuesday, hitting GBX 832 ($10.87). 521,297 shares of the company traded hands, compared to its average volume of 154,951. Superdry has a twelve month low of GBX 1,438 ($18.79) and a twelve month high of GBX 2,102 ($27.47).

In other Superdry news, insider Euan Sutherland sold 3,480 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of GBX 1,126 ($14.71), for a total value 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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