Super Group (SGHC) (NYSE:SGHC - Get Free Report) had its price target upped by analysts at Canaccord Genuity Group from $15.00 to $17.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price indicates a potential upside of 63.54% from the stock's current price.
A number of other research analysts have also commented on SGHC. Wall Street Zen raised Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. BTIG Research reaffirmed a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Needham & Company LLC upped their price objective on Super Group (SGHC) from $11.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a report on Monday, May 19th. Finally, Citizens Jmp initiated coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Super Group (SGHC) currently has an average rating of "Buy" and an average price target of $13.75.
Read Our Latest Report on SGHC
Super Group (SGHC) Stock Down 3.7%
Shares of SGHC stock traded down $0.40 during trading on Thursday, reaching $10.40. 2,424,008 shares of the company's stock were exchanged, compared to its average volume of 1,093,146. The stock has a market capitalization of $5.23 billion, a PE ratio of 38.50 and a beta of 1.08. Super Group has a twelve month low of $2.94 and a twelve month high of $12.18. The firm's fifty day moving average price is $10.46 and its 200-day moving average price is $8.61.
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, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. As a group, analysts anticipate that Super Group will post 0.29 EPS for the current fiscal year.
Institutional Trading of Super Group (SGHC)
Several institutional investors and hedge funds have recently modified their holdings of SGHC. American Century Companies Inc. raised its stake in shares of Super Group (SGHC) by 11.2% during the first quarter. American Century Companies Inc. now owns 4,841,016 shares of the company's stock valued at $31,176,000 after acquiring an additional 487,895 shares during the last quarter. Millennium Management LLC raised its position in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Acadian Asset Management LLC raised its position in Super Group (SGHC) by 58.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock worth $19,902,000 after purchasing an additional 667,571 shares during the last quarter. Invesco Ltd. grew its position in shares of Super Group (SGHC) by 500.9% in the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock valued at $9,306,000 after buying an additional 1,245,185 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Super Group (SGHC) by 332.8% in the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock valued at $6,118,000 after buying an additional 755,044 shares during the period. 5.09% of the stock is currently owned by institutional investors.
About Super Group (SGHC)
(
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.
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