Super Group (SGHC) (NYSE:SGHC) Given New $20.00 Price Target at BTIG Research

Super Group (SGHC) (NYSE:SGHC) had its price target hoisted by BTIG Research from $19.00 to $20.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on the company. Needham & Company LLC lifted their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday. JMP Securities lifted their price target on Super Group (SGHC) from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Citizens Jmp began coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 price target for the company. Macquarie started coverage on Super Group (SGHC) in a report on Monday, September 15th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, Benchmark reiterated a “buy” rating and set a $18.00 target price on shares of Super Group (SGHC) in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.40.

Super Group (SGHC) Stock Up 0.1%

SGHC opened at $12.22 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.42. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 28.42 and a beta of 1.09. The business has a 50-day moving average of $12.52 and a two-hundred day moving average of $10.88. Super Group has a 12 month low of $4.21 and a 12 month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $436.19 million. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%. On average, research analysts expect that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Thursday, September 18th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.3%. Super Group (SGHC)’s payout ratio is presently 61.54%.

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its position in Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after acquiring an additional 2,716 shares in the last quarter. Principal Financial Group Inc. lifted its position in Super Group (SGHC) by 136.4% during the 3rd quarter. Principal Financial Group Inc. now owns 111,674 shares of the company’s stock worth $1,474,000 after acquiring an additional 64,443 shares in the last quarter. Federated Hermes Inc. lifted its position in Super Group (SGHC) by 30.1% during the 3rd quarter. Federated Hermes Inc. now owns 383,249 shares of the company’s stock worth $5,059,000 after acquiring an additional 88,596 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Super Group (SGHC) during the 3rd quarter worth approximately $144,000. Finally, Huntleigh Advisors Inc. acquired a new position in Super Group (SGHC) during the 3rd quarter worth approximately $1,089,000. 5.09% of the stock is owned by institutional investors and hedge funds.

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.