Brokerages Set Super Group (SGHC) Limited (NYSE:SGHC) Target Price at $16.30

Super Group (SGHC) Limited (NYSE:SGHC) has received a consensus rating of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.30.

Several equities analysts have recently issued reports on the company. UBS Group set a $18.00 target price on Super Group (SGHC) in a research report on Thursday, September 18th. Needham & Company LLC upped their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. BTIG Research lifted their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a report on Thursday, October 30th. Finally, JMP Securities raised their price objective on Super Group (SGHC) from $15.00 to $16.00 and gave the stock a “market outperform” rating in a research note on Monday, September 22nd.

Super Group (SGHC) Price Performance

Shares of SGHC stock opened at $10.39 on Thursday. The firm’s 50 day moving average price is $11.63 and its two-hundred day moving average price is $11.81. 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 52-week low of $5.45 and a 52-week high of $14.38. The stock has a market cap of $5.23 billion, a PE ratio of 24.15 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results 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 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, analysts forecast that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 15th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, December 15th. Super Group (SGHC)’s payout ratio is 37.21%.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently bought and sold shares of the stock. Quarry LP raised its holdings in shares of Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company’s stock worth $26,000 after acquiring an additional 3,129 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after purchasing an additional 1,396 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Super Group (SGHC) by 67,900.0% in the third 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. PharVision Advisers LLC bought a new stake in shares of Super Group (SGHC) in the first quarter valued at about $71,000. Finally, Magnetar Financial LLC acquired a new position in shares of Super Group (SGHC) during the first quarter worth about $78,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.