Brokerages Set Super Group (SGHC) Limited (NYSE:SGHC) Target Price at $16.75

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been assigned a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.75.

A number of analysts have issued reports on SGHC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. BTIG Research dropped their price target on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Zacks Research raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Finally, Benchmark boosted their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th.

Super Group (SGHC) Trading Up 2.0%

NYSE:SGHC opened at $10.67 on Tuesday. Super Group has a 12 month low of $5.59 and a 12 month high of $14.38. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $10.02 and its 200 day moving average is $11.36. The stock has a market capitalization of $5.37 billion, a PE ratio of 24.80 and a beta of 1.05.

Super Group (SGHC) Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.05 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from Super Group (SGHC)’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Super Group (SGHC)’s dividend payout ratio is 46.51%.

Institutional Trading of Super Group (SGHC)

A number of institutional investors have recently modified their holdings of SGHC. Geode Capital Management LLC boosted its stake in Super Group (SGHC) by 7.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock worth $20,717,000 after purchasing an additional 138,065 shares during the period. Legal & General Group Plc increased its position in shares of Super Group (SGHC) by 841.4% during the second quarter. Legal & General Group Plc now owns 295,755 shares of the company’s stock valued at $3,243,000 after buying an additional 264,339 shares during the period. Squarepoint Ops LLC increased its position in shares of Super Group (SGHC) by 321.6% during the second quarter. Squarepoint Ops LLC now owns 625,421 shares of the company’s stock valued at $6,861,000 after buying an additional 477,084 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Super Group (SGHC) in the second quarter worth about $325,000. Finally, Abacus FCF Advisors LLC bought a new position in shares of Super Group (SGHC) in the third quarter valued at approximately $4,869,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

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.