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BUZZ-SuperGroup: top UK midcap riser as broker gets behind stock

Mon, 27th Apr 2015 09:11

** SuperGroup up c.5 pct, top FTSE 250 riseras RBC Capital Mkts upgrades rating on stock to "outperform" vs"sector perform"

** Broker reckons recent mgmt changes should help co delivermore consistent growth; RBC notes alongside product & rangedevelopments, co working on improving its inventory management &introducing more flexibility into buying process

** Broker flags robust recent online sales momentum, & co'sstrong space pipeline - mostly mainland Europe, but says co canlook to accelerate its expansion in the US & RBC expects a planfor entry into China market in due course

** Stock down by about a third over past yr; in Dec coreported a 30 pct fall in H1 profit after warm autumn weatherhit demand, though trade rebounded over Christmas (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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