Macquarie Reaffirms Outperform Rating for Super Group (SGHC) (NYSE:SGHC)

Super Group (SGHC) (NYSE:SGHC)‘s stock had its “outperform” rating restated by investment analysts at Macquarie in a report issued on Wednesday,Benzinga reports. They presently have a $19.00 price target on the stock. Macquarie’s target price points to a potential upside of 55.48% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. UBS Group set a $18.00 price target on shares of Super Group (SGHC) in a report on Thursday, September 18th. Benchmark reiterated a “buy” rating and set a $18.00 price objective on shares of Super Group (SGHC) in a research report on Monday, October 13th. Citizens Jmp initiated coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Thursday, October 30th. Finally, Wall Street Zen lowered Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Super Group (SGHC) presently has a consensus rating of “Buy” and a consensus price target of $16.40.

Super Group (SGHC) Trading Up 0.1%

Shares of NYSE SGHC traded up $0.01 during mid-day trading on Wednesday, reaching $12.22. The company had a trading volume of 4,756,452 shares, compared to its average volume of 1,664,164. The company has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $10.87. The stock has a market cap of $6.15 billion, a PE ratio of 28.42 and a beta of 1.09. Super Group has a 1-year low of $4.21 and a 1-year high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $557.00 million during the quarter, compared to analyst estimates of $436.19 million. Super Group (SGHC) had a return on equity of 44.97% and a net margin of 10.05%. On average, research analysts expect that Super Group will post 0.29 EPS for the current year.

Institutional Trading of Super Group (SGHC)

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Super Group (SGHC) during the 1st quarter valued at about $526,000. State of Wyoming lifted its holdings in Super Group (SGHC) by 31.9% in the 1st quarter. State of Wyoming now owns 93,970 shares of the company’s stock worth $605,000 after purchasing an additional 22,715 shares during the last quarter. Cetera Investment Advisers bought a new stake in Super Group (SGHC) during the first quarter worth approximately $529,000. Fiera Capital Corp acquired a new position in Super Group (SGHC) during the first quarter valued at approximately $3,878,000. Finally, Mackenzie Financial Corp raised its position in shares of Super Group (SGHC) by 349.9% in the first quarter. Mackenzie Financial Corp now owns 254,318 shares of the company’s stock valued at $1,638,000 after purchasing an additional 197,795 shares during the period. 5.09% of the stock is owned by 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.