Super Group (SGHC) (NYSE:SGHC) Given New $17.00 Price Target at Benchmark

Super Group (SGHC) (NYSE:SGHC) had its target price cut by Benchmark from $18.00 to $17.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on SGHC. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, September 18th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Monday, September 22nd. Needham & Company LLC boosted their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. JMP Securities increased their price target on shares of Super Group (SGHC) from $15.00 to $16.00 and gave the stock a “market outperform” rating in a report on Monday, September 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $16.30.

Super Group (SGHC) Stock Up 0.0%

SGHC opened at $10.93 on Friday. Super Group has a 52 week low of $5.45 and a 52 week high of $14.38. The business has a 50 day moving average price of $12.38 and a two-hundred day moving average price of $11.28. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.50 billion, a PE ratio of 25.43 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $436.19 million. As a group, research analysts anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Thursday, September 18th were given a $0.04 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.5%. Super Group (SGHC)’s payout ratio is currently 37.21%.

Hedge Funds Weigh In On Super Group (SGHC)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGHC. Quarry LP lifted its holdings in shares of Super Group (SGHC) by 364.3% in the first quarter. Quarry LP now owns 3,988 shares of the company’s stock valued at $26,000 after purchasing an additional 3,129 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after purchasing an additional 1,396 shares during the last quarter. Pacer Advisors Inc. lifted 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 buying an additional 1,662 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after buying an additional 2,716 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Super Group (SGHC) during the 1st quarter valued at $37,000. 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.