Superdry (SDRY)

Sector:

Personal Goods

Index:

FTSE Small Cap

96.00p
   
  • Change Today:
      7.05p
  • 52 Week High: 534.00
  • 52 Week Low: 70.00
  • Currency: UK Pounds
  • Shares Issued: 82.01m
  • Volume: 386,477
  • Market Cap: £78.73m

RBC Capital downgrades Ted Baker, upgrades Superdry

By Michele Maatouk

Date: Monday 13 Jan 2020

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets upgraded its stance on Superdry on Monday but downgraded its recommendation on Ted Baker as it took a look at premium apparel stocks.
Ted Baker was cut to 'underperform' from 'sector perform', with a revised 300p price target, down from 440p, as RBC updated its estimates following the 10 December profit warning and took a more cautious stance on the outlook for 2020.

RBC said the business is facing challenging trading conditions, which in turn are driving material earnings downgrades.

"Elevated debt levels may require addressing should conditions deteriorate further in 2020 or 2021," it said, adding that the senior management "appears light". This will need addressing with experienced replacements to assist the chief financial officer and chief operating officer to effectively steward the business, it said.

On the upside, however, RBC lifted it rating on Superdry to 'outperform' from 'sector perform' and nudged up the price target to 500p from 490p as it pointed to an "attractive" risk/reward following the pullback in the shares after the recent profit warning.

RBC said it was upgrading "in anticipation of better brand positioning and product offer from Autumn/Winter20" and that it reckons the building blocks are in place for a potential turnaround.

"We may be approaching the bottom of the earnings downgrade cycle," it added.

At 1010 GMT, Superdry shares were down 5.2% at 417p and Ted Baker was 4.4% lower at 366.04p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Superdry Market Data

Currency UK Pounds
Share Price 96.00p
Change Today 7.05p
% Change 7.93 %
52 Week High 534.00
52 Week Low 70.00
Volume 386,477
Shares Issued 82.01m
Market Cap £78.73m

Superdry Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.38% above the market average92.38% above the market average92.38% above the market average92.38% above the market average92.38% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
95.15% below the market average95.15% below the market average95.15% below the market average95.15% below the market average95.15% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
86.32% above the market average86.32% above the market average86.32% above the market average86.32% above the market average86.32% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
69.7% below the market average69.7% below the market average69.7% below the market average69.7% below the market average69.7% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 3
Sell 0
Strong Sell 2
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Superdry Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Dec-19 18-Jul-19
Paid 24-Jan-20 20-Sep-19
Amount 2.00p 2.20p

Trades for 03-Apr-2020

Time Volume / Share Price
17:07 3,200 @ 96.00p
16:36 1,604 @ 101.95p
16:35 58,513 @ 96.00p
16:29 1,371 @ 96.00p
16:29 138 @ 95.95p

Superdry Key Personnel

Chair Peter Williams

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