Super Group (SGHC) Limited (NYSE:SGHC) Given Consensus Recommendation of “Buy” by Analysts

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have earned an average recommendation of “Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.30.

Several brokerages have weighed in on SGHC. Needham & Company LLC upped their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Thursday, October 30th. JMP Securities raised 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. Macquarie reissued an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. Finally, Canaccord Genuity Group raised 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.

Super Group (SGHC) Stock Up 0.5%

Shares of NYSE SGHC opened at $11.20 on Friday. Super Group has a 52-week low of $5.45 and a 52-week high of $14.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. The business has a fifty day moving average of $12.17 and a two-hundred day moving average of $11.39. The stock has a market cap of $5.64 billion, a PE ratio of 26.04 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last posted 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 net margin of 10.05% and a return on equity of 43.14%. The business had revenue of $557.00 million for the quarter, compared to analyst estimates of $436.19 million. As a group, equities research analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

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

Hedge Funds Weigh In On Super Group (SGHC)

A number of large investors have recently modified their holdings of SGHC. Quarry LP grew its stake in shares of Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company’s stock valued at $26,000 after purchasing an additional 3,129 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after buying an additional 1,396 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after buying an additional 2,716 shares during the last quarter. PharVision Advisers LLC bought a new position in Super Group (SGHC) in the 1st quarter valued at $71,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Super Group (SGHC) in the 1st quarter valued at $78,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.