Super Group (SGHC) (NYSE:SGHC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Super Group (SGHC) (NYSE:SGHC) from a hold rating to a strong-buy rating in a research note released on Sunday morning.

Other analysts have also issued reports about the company. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. Needham & Company LLC raised their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Canaccord Genuity Group upped their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. JMP Securities increased their target price 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, Benchmark restated a “buy” rating and set a $18.00 price target on shares of Super Group (SGHC) in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Super Group (SGHC) currently has a consensus rating of “Buy” and a consensus price target of $16.40.

Super Group (SGHC) Stock Up 1.5%

Super Group (SGHC) stock opened at $12.30 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 12-month low of $5.22 and a 12-month high of $14.38. The firm’s fifty day moving average is $12.55 and its 200 day moving average is $11.01. The company has a market capitalization of $6.19 billion, a PE ratio of 28.61 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. The business had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $436.19 million. As a group, sell-side analysts predict that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Thursday, September 18th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 18th. Super Group (SGHC)’s dividend payout ratio is presently 37.21%.

Institutional Trading of Super Group (SGHC)

Institutional investors have recently made changes to their positions in the company. State of Wyoming boosted its position in Super Group (SGHC) by 31.9% in the first quarter. State of Wyoming now owns 93,970 shares of the company’s stock worth $605,000 after purchasing an additional 22,715 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Super Group (SGHC) during the 1st quarter worth $529,000. Fiera Capital Corp purchased a new position in shares of Super Group (SGHC) in the 1st quarter worth about $3,878,000. Mackenzie Financial Corp grew its position in Super Group (SGHC) by 349.9% during the first quarter. Mackenzie Financial Corp now owns 254,318 shares of the company’s stock valued at $1,638,000 after buying an additional 197,795 shares during the period. Finally, Gallacher Capital Management LLC bought a new position in Super Group (SGHC) during the second quarter valued at about $665,000. Institutional investors 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.