Brokerages Set Super Group (SGHC) Limited (NYSE:SGHC) PT at $17.00

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have received a consensus rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.75.

Several research analysts recently weighed in on SGHC shares. Benchmark increased their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen lowered Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Needham & Company LLC increased their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. BTIG Research cut their price objective on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th.

Super Group (SGHC) Stock Performance

NYSE:SGHC opened at $11.04 on Friday. The company’s 50-day moving average is $10.27 and its two-hundred day moving average is $11.46. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 25.68 and a beta of 1.08. 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 1-year low of $5.59 and a 1-year high of $14.38.

Super Group (SGHC) Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.05 dividend. This is a positive change from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Super Group (SGHC)’s payout ratio is presently 37.21%.

Institutional Trading of Super Group (SGHC)

Institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its stake in Super Group (SGHC) by 7.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company’s stock worth $216,000 after purchasing an additional 1,078 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after buying an additional 1,396 shares during the period. Mariner LLC lifted its stake in Super Group (SGHC) by 1.4% during the 3rd quarter. Mariner LLC now owns 103,271 shares of the company’s stock worth $1,363,000 after acquiring an additional 1,471 shares in the last quarter. ProShare Advisors LLC lifted its stake in Super Group (SGHC) by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 29,112 shares of the company’s stock worth $348,000 after acquiring an additional 1,865 shares in the last quarter. Finally, Advisory Research Inc. boosted its holdings in Super Group (SGHC) by 5.4% during the 4th quarter. Advisory Research Inc. now owns 37,688 shares of the company’s stock valued at $450,000 after acquiring an additional 1,923 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.