Super Group (NYSE:SGHC) Price Target Raised to $11.00

Super Group (NYSE:SGHC) had its price target increased by Canaccord Genuity Group from $10.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Needham & Company LLC boosted their price target on Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer upped their price objective on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Super Group in a research report on Monday, January 27th.

Super Group Stock Down 1.0 %

Shares of Super Group stock opened at $7.50 on Wednesday. The firm has a market cap of $3.73 billion, a PE ratio of 124.94 and a beta of 0.99. The company’s fifty day simple moving average is $7.14 and its two-hundred day simple moving average is $5.48. Super Group has a 12-month low of $2.90 and a 12-month high of $8.51.

Super Group Announces Dividend

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

Hedge Funds Weigh In On Super Group

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

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.