Morgan Stanley Reaffirms Their Sell Rating on Super Retail Group Limited (SUL) | Markets Insider
In a report released today, Melinda Baxter from Morgan Stanley maintained a Sell rating on Super Retail Group Limited (SUL – Research Report), with a price target of A$15.75. The company’s shares opened today at A$14.04.
Baxter covers the Consumer Cyclical sector, focusing on stocks such as Wesfarmers Limited, Aristocrat Leisure Limited, and Domino’s Pizza Enterprises Limited. According to TipRanks, Baxter has an average return of -6.2% and a 32.35% success rate on recommended stocks.
Currently, the analyst consensus on Super Retail Group Limited is a Hold with an average price target of A$16.53.
Based on Super Retail Group Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$1.86 billion and a net profit of A$96.7 million. In comparison, last year the company earned a revenue of A$1.84 billion and had a net profit of A$118.8 million