BTIG Research Increases Super Group (SGHC) (NYSE:SGHC) Price Target to $20.00

Super Group (SGHC) (NYSE:SGHC) had its price target hoisted by investment analysts at BTIG Research from $19.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 69.78% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Thursday, October 30th. Macquarie assumed coverage on shares of Super Group (SGHC) in a report on Monday, September 15th. They set an “outperform” rating and a $17.00 price objective on the stock. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. Finally, UBS Group set a $18.00 price target on shares of Super Group (SGHC) in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $16.40.

Super Group (SGHC) Price Performance

Shares of SGHC opened at $11.78 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.42 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $12.52 and its two-hundred day moving average is $10.88. Super Group has a twelve month low of $4.89 and a twelve month high of $14.38. The firm has a market capitalization of $5.93 billion, a PE ratio of 27.40 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The business had revenue of $557.00 million during the quarter, compared to the consensus estimate of $436.19 million. Research analysts anticipate that Super Group will post 0.29 earnings per share for the current year.

Institutional Trading of Super Group (SGHC)

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after acquiring an additional 1,396 shares during the last quarter. Pacer Advisors Inc. raised its stake in Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock valued at $30,000 after purchasing an additional 1,662 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Super Group (SGHC) by 19.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company’s stock valued at $164,000 after purchasing an additional 2,432 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Super Group (SGHC) by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock worth $35,000 after purchasing an additional 2,662 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares during the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

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.