Super Group (NYSE:SGHC - Get Free Report) had its target price lifted by analysts at Canaccord Genuity Group from $12.00 to $14.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 63.17% from the company's current price.
SGHC has been the topic of several other research reports. Needham & Company LLC increased their price objective on Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Benchmark reaffirmed a "buy" rating and set a $12.00 target price on shares of Super Group in a research report on Wednesday, April 16th. Oppenheimer increased their target price on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Finally, BTIG Research initiated coverage on Super Group in a research report on Friday, March 28th. They issued a "buy" rating and a $9.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Super Group currently has a consensus rating of "Buy" and a consensus target price of $11.20.
Read Our Latest Stock Report on SGHC
Super Group Stock Performance
Shares of NYSE SGHC traded up $0.30 during midday trading on Monday, hitting $8.58. 90,428 shares of the company's stock traded hands, compared to its average volume of 631,553. Super Group has a 1 year low of $2.91 and a 1 year high of $9.17. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 143.12 and a beta of 1.01. The firm has a fifty day moving average of $7.26 and a 200 day moving average of $6.81.
Super Group (NYSE:SGHC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. On average, equities analysts anticipate that Super Group will post 0.29 earnings per share for the current year.
Institutional Trading of Super Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SGHC. Barclays PLC lifted its position in Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company's stock worth $978,000 after acquiring an additional 157,693 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Super Group by 106.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company's stock valued at $824,000 after purchasing an additional 116,740 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Super Group by 40.1% in the 4th quarter. SG Americas Securities LLC now owns 68,551 shares of the company's stock valued at $427,000 after purchasing an additional 19,631 shares during the last quarter. DGS Capital Management LLC acquired a new position in Super Group during the fourth quarter worth $73,000. Finally, Helikon Investments Ltd lifted its stake in Super Group by 82.5% during the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company's stock worth $20,148,000 after purchasing an additional 1,462,418 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.
About Super Group
(
Get Free Report)
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.
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