Superdry (SDRY) Price Target Cut to GBX 900 by Analysts at Royal Bank of Canada

Superdry (LON:SDRY) had its price objective dropped by equities research analysts at Royal Bank of Canada from GBX 1,500 ($19.60) to GBX 900 ($11.76) in a report issued on Friday. The brokerage presently has a “sector performer” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 17.49% from the company’s previous close.

A number of other equities research analysts also recently issued reports on SDRY. Liberum Capital reissued a “hold” rating on shares of Superdry in a report on Thursday, November 8th. Peel Hunt reissued a “buy” rating and issued a GBX 1,200 ($15.68) price target on shares of Superdry in a report on Tuesday, November 6th. Finally, Berenberg Bank lowered their target price on shares of Superdry from GBX 1,920 ($25.09) to GBX 1,200 ($15.68) and set a “buy” rating on the stock in a research note on Tuesday, October 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Superdry currently has a consensus rating of “Buy” and a consensus price target of GBX 1,400 ($18.29).

Shares of Superdry stock traded down GBX 7 ($0.09) on Friday, reaching GBX 766 ($10.01). The stock had a trading volume of 376,684 shares, 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).

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.

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Analyst Recommendations for Superdry (LON:SDRY)

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