Super Group (NYSE:SGHC) Price Target Raised to $10.00

Super Group (NYSE:SGHC) had its price objective increased by Needham & Company LLC from $9.00 to $10.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on SGHC. Oppenheimer increased their price target on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Super Group in a report on Monday, January 27th. Finally, Canaccord Genuity Group upgraded Super Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $5.00 to $10.00 in a report on Friday, January 24th.

Super Group Stock Down 1.0 %

Shares of SGHC opened at $7.50 on Wednesday. The company has a market capitalization of $3.73 billion, a PE ratio of 124.94 and a beta of 0.99. Super Group has a 52-week low of $2.90 and a 52-week high of $8.51. The stock has a fifty day simple moving average of $7.14 and a two-hundred day simple moving average of $5.48.

Super Group Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a $0.04 dividend. This represents a yield of 3.6%. The ex-dividend date is Monday, March 10th. Super Group’s dividend payout ratio is currently 166.67%.

Institutional Investors Weigh In On Super Group

A number of hedge funds have recently bought and sold shares of SGHC. Aquatic Capital Management LLC acquired a new stake in Super Group in the 4th quarter valued at about $30,000. Walleye Capital LLC acquired a new stake in Super Group in the 3rd quarter valued at about $54,000. Intech Investment Management LLC acquired a new stake in Super Group in the 3rd quarter valued at about $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Super Group in the 4th quarter valued at about $66,000. Finally, Xponance Inc. acquired a new stake in shares of Super Group during the 4th quarter worth about $67,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

About Super Group

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.