Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $15.00

Super Group (SGHC) (NYSE:SGHC) had its price objective hoisted by Benchmark from $14.00 to $15.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

SGHC has been the topic of several other research reports. Craig Hallum set a $12.00 price target on Super Group (SGHC) in a research report on Monday, May 19th. Needham & Company LLC boosted their price target on Super Group (SGHC) from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Canaccord Genuity Group boosted their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. BTIG Research restated a “buy” rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Finally, Citigroup initiated coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued an “outperform” rating on the stock. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Super Group (SGHC) currently has an average rating of “Buy” and a consensus target price of $13.88.

Super Group (SGHC) Stock Performance

Super Group (SGHC) stock opened at $10.72 on Thursday. The company has a market capitalization of $5.40 billion, a P/E ratio of 39.70 and a beta of 1.08. Super Group has a fifty-two week low of $2.94 and a fifty-two week high of $12.18. The stock has a 50-day simple moving average of $10.53 and a 200-day simple moving average of $8.68.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to analysts’ expectations of $423.91 million. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. As a group, analysts forecast that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a $0.04 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.5%. Super Group (SGHC)’s dividend payout ratio is currently 59.26%.

Institutional Investors Weigh In On Super Group (SGHC)

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after acquiring an additional 1,396 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock worth $30,000 after acquiring an additional 1,662 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of Super Group (SGHC) by 17.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company’s stock worth $98,000 after acquiring an additional 2,307 shares during the period. Signaturefd LLC grew its holdings in shares of Super Group (SGHC) by 95.9% in the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock worth $35,000 after acquiring an additional 2,662 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Super Group (SGHC) by 8.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 36,666 shares of the company’s stock worth $402,000 after acquiring an additional 2,776 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) 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.