Canaccord Genuity Group Issues Positive Forecast for Super Group (SGHC) (NYSE:SGHC) Stock Price

Super Group (SGHC) (NYSE:SGHC - Get Free Report) had its target price lifted by analysts at Canaccord Genuity Group from $14.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 27.25% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a report on Monday, May 19th. Benchmark reiterated a "buy" rating and issued a $12.00 target price on shares of Super Group (SGHC) in a report on Wednesday, April 16th. Needham & Company LLC boosted their target price on shares of Super Group (SGHC) from $11.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen downgraded shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Finally, BTIG Research boosted their price target on Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $12.50.

Super Group (SGHC) Stock Performance

Shares of Super Group (SGHC) stock traded down $0.20 on Wednesday, hitting $11.79. 1,772,369 shares of the company traded hands, compared to its average volume of 778,359. The stock has a market capitalization of $5.93 billion, a P/E ratio of 43.66 and a beta of 1.09. Super Group has a 52 week low of $2.94 and a 52 week high of $12.17. The business has a 50-day simple moving average of $9.40 and a 200 day simple moving average of $7.89.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. Research analysts expect that Super Group will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Super Group (SGHC) by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,798 shares of the company's stock worth $2,260,000 after buying an additional 8,232 shares in the last quarter. Globeflex Capital L P purchased a new stake in Super Group (SGHC) in the fourth quarter valued at approximately $576,000. Cibc World Markets Corp purchased a new stake in Super Group (SGHC) in the fourth quarter valued at approximately $87,000. Boston Partners grew its holdings in Super Group (SGHC) by 15.0% in the fourth quarter. Boston Partners now owns 292,495 shares of the company's stock valued at $1,822,000 after purchasing an additional 38,096 shares during the period. Finally, Xponance Inc. purchased a new stake in Super Group (SGHC) in the fourth quarter valued at approximately $67,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.