Super Group (SGHC) (NYSE:SGHC) Given New $18.00 Price Target at Benchmark

Super Group (SGHC) (NYSE:SGHC) had its price target lifted by Benchmark from $16.00 to $18.00 in a report released on Thursday, Marketbeat Ratings reports. Benchmark currently has a buy rating on the stock.

SGHC has been the subject of several other reports. Citigroup assumed coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued an “outperform” rating for the company. Needham & Company LLC boosted their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 8th. JMP Securities initiated coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a “market outperform” rating and a $15.00 price target on the stock. Wall Street Zen lowered shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Macquarie began coverage on shares of Super Group (SGHC) in a research note on Monday. They set an “outperform” rating and a $17.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $15.20.

Super Group (SGHC) Stock Performance

NYSE:SGHC opened at $11.73 on Thursday. Super Group has a fifty-two week low of $3.44 and a fifty-two week high of $13.71. The company has a 50 day simple moving average of $11.63 and a two-hundred day simple moving average of $9.47. The company has a market capitalization of $5.90 billion, a PE ratio of 45.12 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.The firm had revenue of $579.00 million during the quarter, compared to analyst estimates of $503.00 million. Research analysts predict that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 18th. Super Group (SGHC)’s payout ratio is currently 61.54%.

Institutional Investors Weigh In On Super Group (SGHC)

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in Super Group (SGHC) during the 1st quarter valued at $526,000. BNP Paribas Financial Markets bought a new position in shares of Super Group (SGHC) during the fourth quarter valued at about $369,000. State of Wyoming boosted its holdings in Super Group (SGHC) by 31.9% during the first quarter. State of Wyoming now owns 93,970 shares of the company’s stock worth $605,000 after purchasing an additional 22,715 shares during the last quarter. SG Americas Securities LLC grew its position in Super Group (SGHC) by 105.6% in the 1st quarter. SG Americas Securities LLC now owns 140,931 shares of the company’s stock worth $908,000 after purchasing an additional 72,380 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Super Group (SGHC) by 50.6% in the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company’s stock valued at $4,252,000 after buying an additional 229,211 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

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.