Brokerages Set Super Group (SGHC) Limited (NYSE:SGHC) PT at $15.40

Super Group (SGHC) Limited (NYSE:SGHC) has earned an average rating of “Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $15.40.

A number of equities research analysts recently weighed in on the company. UBS Group set a $18.00 price target on Super Group (SGHC) in a report on Thursday, September 18th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of Super Group (SGHC) in a research report on Monday. Benchmark raised their price target on Super Group (SGHC) from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Wall Street Zen downgraded Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $14.00 price objective on shares of Super Group (SGHC) in a research report on Thursday, September 18th.

Institutional Investors Weigh In On Super Group (SGHC)

A number of institutional investors and hedge funds have recently bought and sold shares of SGHC. Ameriprise Financial Inc. purchased a new position in Super Group (SGHC) during the fourth quarter worth $122,000. BNP Paribas Financial Markets purchased a new position in Super Group (SGHC) in the 4th quarter valued at about $369,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Super Group (SGHC) by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company’s stock worth $531,000 after buying an additional 2,997 shares in the last quarter. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 66.1% in the fourth quarter. Millennium Management LLC now owns 1,204,663 shares of the company’s stock valued at $7,505,000 after buying an additional 479,440 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Super Group (SGHC) by 50.6% during the fourth 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 period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Up 0.4%

NYSE:SGHC opened at $13.03 on Tuesday. The firm’s fifty day simple moving average is $11.74 and its 200-day simple moving average is $9.67. The stock has a market cap of $6.56 billion, a PE ratio of 50.11 and a beta of 1.09. Super Group has a fifty-two week low of $3.44 and a fifty-two week high of $13.71.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.11 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 company had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $503.00 million. Equities analysts anticipate that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be given a $0.04 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. Super Group (SGHC)’s dividend payout ratio is currently 61.54%.

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.