Super Group (SGHC) Limited (NYSE:SGHC) Receives $16.30 Average PT from Brokerages

Super Group (SGHC) Limited (NYSE:SGHC) has been assigned an average rating of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.30.

Several analysts recently weighed in on SGHC shares. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a research report on Thursday, September 18th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Monday, September 22nd. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 9th. JMP Securities increased their price objective on Super Group (SGHC) from $15.00 to $16.00 and gave the stock a “market outperform” rating in a report on Monday, September 22nd. Finally, Canaccord Genuity Group lifted their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 19th.

Hedge Funds Weigh In On Super Group (SGHC)

Several large investors have recently bought and sold shares of SGHC. Arrowstreet Capital Limited Partnership raised its position in shares of Super Group (SGHC) by 97.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after buying an additional 2,193,989 shares in the last quarter. Millennium Management LLC raised its holdings in Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Nuveen LLC bought a new stake in Super Group (SGHC) during the first quarter worth approximately $4,608,000. Algert Global LLC lifted its position in Super Group (SGHC) by 2,639.6% in the third quarter. Algert Global LLC now owns 733,109 shares of the company’s stock worth $9,677,000 after purchasing an additional 706,349 shares during the period. Finally, 4D Advisors LLC bought a new position in Super Group (SGHC) during the 3rd quarter valued at $9,240,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Trading Down 0.5%

NYSE:SGHC opened at $11.47 on Friday. The firm has a market capitalization of $5.77 billion, a P/E ratio of 26.66 and a beta of 1.09. The business has a 50 day simple moving average of $11.94 and a 200 day simple moving average of $11.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. Super Group has a 12-month low of $5.45 and a 12-month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The firm had revenue of $557.00 million for the quarter, compared to analyst estimates of $436.19 million. Equities research analysts predict that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, December 15th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, December 15th. Super Group (SGHC)’s payout ratio is currently 37.21%.

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.