Super Group (SGHC) Limited (NYSE:SGHC) Receives $13.13 Consensus Price Target from Analysts

Super Group (SGHC) Limited (NYSE:SGHC) has received an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.8750.

Several equities analysts recently weighed in on the stock. Benchmark raised their target price on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday. BTIG Research reissued a “buy” rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. JMP Securities assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a “market outperform” rating and a $15.00 target price for the company. Citigroup assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued an “outperform” rating for the company. Finally, Citizens Jmp assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 target price for the company.

Super Group (SGHC) Stock Up 3.3%

NYSE SGHC opened at $10.72 on Monday. Super Group has a 12-month low of $2.94 and a 12-month high of $12.18. The company has a market capitalization of $5.40 billion, a PE ratio of 39.70 and a beta of 1.08. The firm’s 50 day moving average is $10.53 and its 200-day moving average is $8.70.

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

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.5%. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 59.26%.

Institutional Investors Weigh In On Super Group (SGHC)

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Super Group (SGHC) during the first quarter worth $526,000. BNP Paribas Financial Markets acquired a new position in Super Group (SGHC) in the fourth quarter valued at about $369,000. SG Americas Securities LLC raised its stake in Super Group (SGHC) by 105.6% in the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company’s stock valued at $908,000 after purchasing an additional 72,380 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Super Group (SGHC) by 50.6% in the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company’s stock valued at $4,252,000 after purchasing an additional 229,211 shares in the last quarter. Finally, Fiera Capital Corp acquired a new position in Super Group (SGHC) in the first quarter valued at about $3,878,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

About Super Group (SGHC)

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.