Brokerages Set Super Group (SGHC) Limited (NYSE:SGHC) Target Price at $17.00

Super Group (SGHC) Limited (NYSE:SGHC) has earned an average recommendation of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.00.

A number of analysts have commented on SGHC shares. Macquarie Infrastructure reiterated an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Benchmark reduced their target price on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, November 28th. BTIG Research reiterated a “buy” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research note on Friday, January 30th. Wall Street Zen cut shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th.

Institutional Investors Weigh In On Super Group (SGHC)

Several large investors have recently modified their holdings of SGHC. CIBC Private Wealth Group LLC bought a new position in shares of Super Group (SGHC) during the 4th quarter worth approximately $28,000. Nisa Investment Advisors LLC grew its position in Super Group (SGHC) by 132.1% in 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 period. SBI Securities Co. Ltd. raised its stake in Super Group (SGHC) by 67,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after acquiring an additional 2,716 shares in the last quarter. Wealthspire Advisors LLC bought a new position in shares of Super Group (SGHC) during the fourth quarter valued at $120,000. Finally, Greenwich Wealth Management LLC bought a new position in shares of Super Group (SGHC) during the second quarter valued at $112,000. 5.09% of the stock is currently owned by institutional investors.

Super Group (SGHC) Stock Up 3.8%

NYSE SGHC opened at $9.91 on Friday. Super Group has a twelve month low of $5.59 and a twelve month high of $14.38. The stock has a market cap of $4.99 billion, a PE ratio of 23.04 and a beta of 1.08. The firm has a 50-day simple moving average of $10.35 and a 200 day simple moving average of $11.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75.

Super Group (SGHC) Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

About Super Group (SGHC)

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.