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

Super Group (SGHC) logo with Consumer Discretionary background

Shares of Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.50.

A number of brokerages recently weighed in on SGHC. Needham & Company LLC upped their target price on shares of Super Group (SGHC) from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday. Wall Street Zen upgraded shares of Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a research note on Monday, May 19th. Finally, Benchmark reissued a "buy" rating and issued a $12.00 price target on shares of Super Group (SGHC) in a report on Wednesday, April 16th.

Read Our Latest Research Report on Super Group (SGHC)

Super Group (SGHC) Stock Performance

SGHC stock traded down $0.27 during trading on Thursday, hitting $11.52. 1,559,726 shares of the company traded hands, compared to its average volume of 784,135. The firm has a market capitalization of $5.80 billion, a PE ratio of 42.67 and a beta of 1.09. Super Group has a 1 year low of $2.94 and a 1 year high of $12.18. The company has a 50-day moving average of $9.53 and a 200-day moving average of $7.96.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. The business had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. Sell-side analysts expect that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio is presently 59.26%.

Institutional Investors Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its stake in Super Group (SGHC) by 4.5% in the 2nd quarter. Exchange Traded Concepts LLC now owns 475,126 shares of the company's stock worth $5,212,000 after purchasing an additional 20,348 shares in the last quarter. Longboard Asset Management LP acquired a new position in shares of Super Group (SGHC) in the second quarter valued at $186,000. Gallacher Capital Management LLC acquired a new position in shares of Super Group (SGHC) in the second quarter valued at $665,000. Rhumbline Advisers raised its stake in Super Group (SGHC) by 6.3% during the first quarter. Rhumbline Advisers now owns 206,407 shares of the company's stock worth $1,329,000 after acquiring an additional 12,261 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Super Group (SGHC) during the first quarter worth $603,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Super Group (SGHC) Company Profile

(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.

Further Reading

Analyst Recommendations for Super Group (SGHC) (NYSE:SGHC)

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