Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $15.00 at Benchmark

Key Points

• Benchmark raised the price target for Super Group (SGHC) from $14.00 to $15.00, indicating a potential upside of 39.17% from its current stock price.
• Super Group recently reported earnings per share of $0.12, surpassing analyst expectations of $0.09, and generated revenue of $495.96 million, exceeding predictions of $423.91 million.
• Seven analysts have rated Super Group as a buy, while three have given it a strong buy rating, contributing to an average rating of "Buy" with a consensus price target of $13.50.

Super Group (SGHC) (NYSE:SGHC - Free Report) had its price objective upped by Benchmark from $14.00 to $15.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the stock. Citizens Jmp began coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price target for the company. Canaccord Genuity Group upped their price target on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Craig Hallum set a $12.00 price target on shares of Super Group (SGHC) in a research report on Monday, May 19th. Needham & Company LLC upped their price target 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, July 9th. Finally, BTIG Research restated a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Super Group (SGHC) presently has a consensus rating of "Buy" and a consensus target price of $13.88.

Super Group (SGHC) Stock Up 0.2%

Shares of SGHC stock traded up $0.02 during mid-day trading on Thursday, hitting $10.74. 595,383 shares of the stock were exchanged, compared to its average volume of 1,090,532. The firm has a fifty day moving average of $10.53 and a 200 day moving average of $8.70. Super Group has a 52-week low of $2.94 and a 52-week high of $12.18. The company has a market cap of $5.41 billion, a PE ratio of 39.77 and a beta of 1.08.

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 (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. Equities analysts predict that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a $0.04 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.5%. Super Group (SGHC)'s dividend payout ratio is presently 59.26%.

Institutional Trading of Super Group (SGHC)

A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. acquired a new stake in shares of Super Group (SGHC) during the 4th quarter worth approximately $479,000. JPMorgan Chase & Co. increased its holdings in shares of Super Group (SGHC) by 332.8% during the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after buying an additional 755,044 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Super Group (SGHC) during the 4th quarter worth approximately $456,000. Wells Fargo & Company MN increased its holdings in shares of Super Group (SGHC) by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 70,017 shares of the company's stock worth $436,000 after buying an additional 23,865 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Super Group (SGHC) by 24.1% during the 4th quarter. Russell Investments Group Ltd. now owns 23,975 shares of the company's stock worth $149,000 after buying an additional 4,661 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

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.