Super Group Limited (NYSE:SGHC) Receives $11.40 Average Target Price from Analysts

Super Group Limited (NYSE:SGHC) has received a consensus rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.50.

Several analysts have commented on SGHC shares. Canaccord Genuity Group lifted their price objective on shares of Super Group from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Oppenheimer boosted their target price on shares of Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. BTIG Research assumed coverage on Super Group in a research report on Friday, March 28th. They set a “buy” rating and a $9.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $12.00 price objective on shares of Super Group in a research note on Wednesday, April 16th. Finally, Needham & Company LLC upped their target price on Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th.

Super Group Stock Performance

Shares of SGHC stock opened at $8.41 on Wednesday. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 140.19 and a beta of 1.01. The stock’s 50-day simple moving average is $7.60 and its 200-day simple moving average is $7.07. Super Group has a fifty-two week low of $2.91 and a fifty-two week high of $9.17.

Super Group (NYSE:SGHC) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Super Group had a return on equity of 15.40% and a net margin of 2.25%. The company had revenue of $495.96 million during the quarter, compared to analysts’ expectations of $423.91 million. As a group, equities analysts forecast that Super Group will post 0.29 earnings per share for the current year.

Super Group Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group’s payout ratio is currently 59.26%.

Hedge Funds Weigh In On Super Group

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC grew its stake in Super Group by 66.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company’s stock valued at $7,379,000 after acquiring an additional 459,485 shares during the period. Jane Street Group LLC acquired a new stake in shares of Super Group in the first quarter valued at about $1,523,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Super Group during the first quarter worth about $483,000. Petrus Trust Company LTA acquired a new position in shares of Super Group during the 1st quarter worth about $230,000. Finally, PharVision Advisers LLC acquired a new position in shares of Super Group during the 1st quarter worth about $71,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.