Super Group (NYSE:SGHC) Price Target Raised to $9.00

Super Group (NYSE:SGHC) had its price target upped by Needham & Company LLC from $7.00 to $9.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Oppenheimer upgraded Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research report on Thursday, November 7th. Benchmark boosted their target price on Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Super Group Stock Up 0.1 %

Shares of NYSE:SGHC opened at $6.76 on Wednesday. The firm has a fifty day simple moving average of $5.26 and a two-hundred day simple moving average of $4.08. Super Group has a 52 week low of $2.63 and a 52 week high of $7.12. The stock has a market capitalization of $3.37 billion, a P/E ratio of 112.69 and a beta of 0.95.

Super Group Dividend Announcement

The company also recently declared a — dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group’s dividend payout ratio is presently 166.69%.

Institutional Trading of Super Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGHC. Vanguard Group Inc. grew its stake in shares of Super Group by 7.8% during the first quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock valued at $2,964,000 after buying an additional 61,937 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Super Group by 13.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock valued at $135,000 after acquiring an additional 4,715 shares during the period. Bank of New York Mellon Corp grew its position in Super Group by 26.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 420,320 shares of the company’s stock valued at $1,358,000 after acquiring an additional 87,118 shares during the last quarter. Phraction Management LLC increased its stake in Super Group by 23.4% in the second quarter. Phraction Management LLC now owns 158,386 shares of the company’s stock worth $512,000 after purchasing an additional 30,031 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Super Group by 14.9% during the second quarter. Rhumbline Advisers now owns 173,904 shares of the company’s stock worth $562,000 after purchasing an additional 22,571 shares during the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group 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.