BTIG Research Begins Coverage on Super Group (NYSE:SGHC)

Stock analysts at BTIG Research started coverage on shares of Super Group (NYSE:SGHC) in a research report issued on Friday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $9.00 price target on the stock. BTIG Research’s price objective points to a potential upside of 35.83% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Oppenheimer raised their target price on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group upped their price target on shares of Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Super Group in a report on Monday, January 27th. Finally, Needham & Company LLC boosted their price objective on shares of Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Super Group presently has a consensus rating of “Buy” and an average price target of $10.20.

Super Group Price Performance

Shares of NYSE SGHC opened at $6.63 on Friday. The firm’s 50-day moving average is $7.49 and its two-hundred day moving average is $5.98. The company has a market capitalization of $3.30 billion, a PE ratio of 110.45 and a beta of 1.00. Super Group has a 12-month low of $2.90 and a 12-month high of $8.51.

Institutional Investors Weigh In On Super Group

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