Super Group (NYSE:SGHC) Price Target Raised to $9.00 at Oppenheimer

Super Group (NYSE:SGHC) had its price objective increased by Oppenheimer from $6.00 to $9.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on SGHC. Benchmark boosted their price target on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC lifted their target price on shares of Super Group from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday.

Super Group Trading Up 0.1 %

Shares of SGHC stock opened at $6.76 on Friday. Super Group has a 12-month low of $2.63 and a 12-month high of $7.12. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 112.69 and a beta of 0.95. The stock has a 50 day simple moving average of $5.26 and a 200-day simple moving average of $4.08.

Super Group Announces Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a yield of 5.7%. Super Group’s payout ratio is 166.69%.

Institutional Trading of Super Group

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Super Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock valued at $2,964,000 after acquiring an additional 61,937 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Super Group by 13.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock worth $135,000 after purchasing an additional 4,715 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Super Group by 26.1% in the second quarter. Bank of New York Mellon Corp now owns 420,320 shares of the company’s stock worth $1,358,000 after buying an additional 87,118 shares during the period. Phraction Management LLC grew its stake in shares of Super Group by 23.4% in the second quarter. Phraction Management LLC now owns 158,386 shares of the company’s stock valued at $512,000 after buying an additional 30,031 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Super Group by 14.9% during the 2nd quarter. Rhumbline Advisers now owns 173,904 shares of the company’s stock valued at $562,000 after buying an additional 22,571 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group 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.