Super Group (SGHC) (NYSE:SGHC - Free Report) had its target price raised by Needham & Company LLC from $14.00 to $15.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
Other research analysts also recently issued research reports about the company. JMP Securities began coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a "market outperform" rating and a $15.00 price objective on the stock. Wall Street Zen raised Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Citigroup began coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued an "outperform" rating on the stock. Canaccord Genuity Group boosted their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Benchmark raised their target price on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $13.88.
Check Out Our Latest Research Report on Super Group (SGHC)
Super Group (SGHC) Stock Performance
Shares of NYSE SGHC traded up $0.14 during trading on Friday, reaching $10.95. The company had a trading volume of 704,853 shares, compared to its average volume of 1,092,718. Super Group has a 52 week low of $3.03 and a 52 week high of $12.18. The business's 50 day moving average price is $10.57 and its 200-day moving average price is $8.72. The stock has a market cap of $5.51 billion, a PE ratio of 40.54 and a beta of 1.08.
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 paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.5%. Super Group (SGHC)'s dividend payout ratio is 59.26%.
Institutional Trading of Super Group (SGHC)
Hedge funds have recently modified their holdings of the company. Quarry LP increased its stake in Super Group (SGHC) by 364.3% in the first quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after purchasing an additional 3,129 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock valued at $27,000 after buying an additional 1,396 shares during the period. GAMMA Investing LLC increased its position in shares of Super Group (SGHC) by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after buying an additional 4,192 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Super Group (SGHC) during the 4th quarter worth $30,000. Finally, Pacer Advisors Inc. raised its stake in Super Group (SGHC) by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after buying an additional 1,662 shares during the period. 5.09% of the stock is currently owned by institutional investors and hedge funds.
About Super Group (SGHC)
(
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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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