Superdry (SDRY) Price Target Cut to GBX 1,200 by Analysts at Berenberg Bank

Superdry (LON:SDRY) had its price objective decreased by Berenberg Bank from GBX 1,920 ($25.09) to GBX 1,200 ($15.68) in a research report report published on Tuesday. Berenberg Bank currently has a buy rating on the stock.

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

Shares of Superdry stock opened at GBX 766 ($10.01) on Tuesday. Superdry has a 12 month low of GBX 1,438 ($18.79) and a 12 month high of GBX 2,102 ($27.47).

In other news, insider Euan Sutherland sold 3,480 shares of the firm’s stock in a transaction 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).

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.

Further Reading: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Superdry (LON:SDRY)

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