Canaccord Genuity Group Increases Super Group (SGHC) (NYSE:SGHC) Price Target to $17.00

Key Points

• Analysts at Canaccord Genuity Group raised the price target for Super Group (SGHC) from $15.00 to $17.00, suggesting a potential upside of 63.54% from the current price.
• Super Group (SGHC) stock is currently rated as a "buy" by multiple analysts, with a current average target price of $13.75.
• Despite positive analyst ratings, shares of Super Group (SGHC) fell by 3.7% to $10.40 during Thursday's trading session.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) had its price target raised by investment analysts at Canaccord Genuity Group from $15.00 to $17.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 57.85% from the stock's previous close.

Several other research firms also recently weighed in on SGHC. BTIG Research reaffirmed a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Citizens Jmp started coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price target for the company. Wall Street Zen raised shares of Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Benchmark boosted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday. Finally, Citigroup initiated coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They issued an "outperform" rating for the company. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $13.88.

Super Group (SGHC) Trading Up 0.5%

NYSE:SGHC traded up $0.05 during mid-day trading on Thursday, reaching $10.77. The company's stock had a trading volume of 287,283 shares, compared to its average volume of 1,087,968. Super Group has a 12-month low of $2.94 and a 12-month high of $12.18. The stock has a market cap of $5.42 billion, a P/E ratio of 40.07 and a beta of 1.08. The firm's fifty day moving average price is $10.53 and its two-hundred day moving average price is $8.70.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. The business had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. Analysts predict that Super Group will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of Super Group (SGHC)

A number of institutional investors have recently bought and sold shares of SGHC. Quarry LP boosted its stake in shares of Super Group (SGHC) by 364.3% during the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after buying an additional 3,129 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock worth $27,000 after purchasing an additional 1,396 shares during the period. GAMMA Investing LLC lifted its holdings in Super Group (SGHC) by 4,606.6% in the first 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 during the period. Aquatic Capital Management LLC acquired a new position in shares of Super Group (SGHC) during the fourth quarter valued at about $30,000. Finally, Pacer Advisors Inc. grew its position in Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after purchasing an additional 1,662 shares in 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.