Super Group (SGHC) Limited (NYSE:SGHC) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Super Group (SGHC) Limited has received a consensus rating of "Buy" from nine brokerages, with seven analysts issuing a buy rating and two giving a strong buy rating.
• The average one-year price target for SGHC stock among analysts is $13.8750, reflecting positive expectations for the company's performance.
• Super Group announced a quarterly dividend of $0.04, translating to an annual yield of 1.3%, with a payout ratio of 59.26%.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) has been assigned a consensus rating of "Buy" from the nine research firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $13.8750.

A number of research firms recently weighed in on SGHC. Benchmark lifted their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. JMP Securities began coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price target on the stock. Citigroup started coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued an "outperform" rating on the stock. Citizens Jmp started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 target price on the stock. Finally, Craig Hallum set a $12.00 target price on Super Group (SGHC) in a research report on Monday, May 19th.

Super Group (SGHC) Stock Up 4.6%

Shares of NYSE SGHC traded up $0.51 during mid-day trading on Friday, hitting $11.54. 380,962 shares of the company were exchanged, compared to its average volume of 1,184,252. Super Group has a 1-year low of $3.29 and a 1-year high of $12.37. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 42.73 and a beta of 1.09. The stock has a 50 day simple moving average of $11.28 and a 200-day simple moving average of $9.09.

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)'s payout ratio is 59.26%.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its holdings in Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock valued at $17,628,000 after purchasing an additional 1,532,666 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Super Group (SGHC) by 120.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company's stock worth $24,612,000 after acquiring an additional 1,224,942 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Super Group (SGHC) in the first quarter valued at about $4,608,000. Acadian Asset Management LLC grew its stake in shares of Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock valued at $19,902,000 after buying an additional 667,571 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of Super Group (SGHC) by 68,636.4% in the second quarter. Hillsdale Investment Management Inc. now owns 604,880 shares of the company's stock valued at $6,636,000 after buying an additional 604,000 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group (SGHC) Company Profile

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.