Super Group (SGHC) Limited (NYSE:SGHC) Receives $11.83 Consensus PT from Analysts

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have received an average rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $11.83.

Several analysts recently weighed in on the stock. Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a report on Monday, May 19th. Canaccord Genuity Group raised their target price on shares of Super Group (SGHC) from $12.00 to $14.00 and gave the company a “buy” rating in a report on Monday, May 12th. Needham & Company LLC raised their target price on shares of Super Group (SGHC) from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, May 15th. BTIG Research raised their target price on shares of Super Group (SGHC) from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $12.00 target price on shares of Super Group (SGHC) in a report on Wednesday, April 16th.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $9.76 on Friday. The stock has a market capitalization of $4.91 billion, a PE ratio of 36.13 and a beta of 1.01. Super Group has a 1 year low of $2.91 and a 1 year high of $9.96. The company’s 50-day simple moving average is $8.53 and its 200-day simple moving average is $7.50.

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

Super Group (SGHC) Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.64%. Super Group (SGHC)’s payout ratio is currently 59.26%.

Institutional Trading of Super Group (SGHC)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings in Super Group (SGHC) by 6.3% during the first quarter. Rhumbline Advisers now owns 206,407 shares of the company’s stock worth $1,329,000 after purchasing an additional 12,261 shares in the last quarter. Strs Ohio acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at $603,000. Acadian Asset Management LLC increased its holdings in shares of Super Group (SGHC) by 66.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company’s stock valued at $7,379,000 after acquiring an additional 459,485 shares during the period. Jane Street Group LLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at $1,523,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at $483,000. 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.