Super Group (SGHC) Limited (NYSE:SGHC) Receives $16.75 Average PT from Analysts

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been assigned a consensus rating of “Buy” from the ten research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.75.

Several analysts have commented on SGHC shares. Zacks Research raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Wall Street Zen lowered Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. BTIG Research cut their price target on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Finally, Benchmark increased their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th.

Super Group (SGHC) Price Performance

Shares of SGHC opened at $10.66 on Tuesday. 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 has a fifty-two week low of $5.59 and a fifty-two week high of $14.38. The firm has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $11.38. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 24.78 and a beta of 1.05.

Super Group (SGHC) Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, March 16th. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s payout ratio is currently 46.51%.

Institutional Trading of Super Group (SGHC)

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new position in Super Group (SGHC) during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. boosted its holdings 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 purchasing an additional 2,716 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in Super Group (SGHC) in the 4th quarter valued at approximately $120,000. Greenwich Wealth Management LLC acquired a new position in Super Group (SGHC) during the 2nd quarter worth approximately $112,000. Finally, Scotia Capital Inc. acquired a new position in Super Group (SGHC) during the 2nd quarter worth approximately $113,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

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.