Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $17.00

Super Group (SGHC) (NYSE:SGHC) had its target price boosted by Needham & Company LLC from $15.00 to $17.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

SGHC has been the subject of several other reports. JMP Securities increased their price target on Super Group (SGHC) from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Wall Street Zen downgraded Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research note on Monday, September 22nd. Canaccord Genuity Group raised their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, UBS Group set a $18.00 price target on Super Group (SGHC) in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $16.40.

Super Group (SGHC) Trading Down 1.9%

NYSE SGHC opened at $11.52 on Wednesday. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 26.80 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.42 and a current ratio of 1.75. Super Group has a one year low of $5.22 and a one year high of $14.38. The company’s 50 day moving average price is $12.52 and its 200 day moving average price is $10.91.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. The company had revenue of $557.00 million during the quarter, compared to analyst estimates of $436.19 million. On average, sell-side analysts predict that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Thursday, September 18th were paid a $0.04 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.4%. Super Group (SGHC)’s payout ratio is 37.21%.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Super Group (SGHC) during the first quarter valued at approximately $526,000. State of Wyoming boosted its position in Super Group (SGHC) by 31.9% during the 1st quarter. State of Wyoming now owns 93,970 shares of the company’s stock valued at $605,000 after purchasing an additional 22,715 shares during the period. Cetera Investment Advisers bought a new position in Super Group (SGHC) during the 1st quarter worth $529,000. Fiera Capital Corp bought a new position in Super Group (SGHC) during the 1st quarter worth $3,878,000. Finally, Mackenzie Financial Corp increased its position in Super Group (SGHC) by 349.9% in the first quarter. Mackenzie Financial Corp now owns 254,318 shares of the company’s stock worth $1,638,000 after buying an additional 197,795 shares during the period. 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.