Superdry (LON:SDRY) Price Target Lowered to GBX 500 at Liberum Capital

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Superdry (LON:SDRY) had its price objective cut by Liberum Capital from GBX 600 ($7.84) to GBX 500 ($6.53) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. UBS Group reissued a hold rating and issued a $145.00 target price on shares of Baidu in a research report on Friday, July 5th. Royal Bank of Canada lowered their price objective on shares of Saputo from C$52.00 to C$50.00 and set an outperform rating on the stock in a research note on Friday, June 7th. Investec downgraded shares of Superdry to a hold rating and dropped their price objective for the stock from GBX 600 ($7.84) to GBX 500 ($6.53) in a report on Wednesday, April 3rd. Finally, Peel Hunt restated a buy rating on shares of Lookers in a research report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Superdry has a consensus rating of Hold and an average price target of GBX 618.33 ($8.08).

SDRY stock opened at GBX 466.40 ($6.09) on Wednesday. The stock has a market cap of $382.44 million and a P/E ratio of 6.06. Superdry has a 1 year low of GBX 354 ($4.63) and a 1 year high of GBX 1,399 ($18.28). The business has a fifty day moving average price of GBX 471.44.

The business also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, July 18th will be issued a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a yield of 0.5%. Superdry’s dividend payout ratio is currently 0.40%.

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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Analyst Recommendations for Superdry (LON:SDRY)

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