Super Group (NYSE:SGHC) Price Target Raised to $11.00

Super Group (NYSE:SGHC) had its price objective upped by Oppenheimer from $9.00 to $11.00 in a research note released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Super Group in a report on Monday, January 27th. Canaccord Genuity Group upgraded Super Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $5.00 to $10.00 in a research note on Friday, January 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $9.00 price target on shares of Super Group in a research note on Wednesday, January 22nd.

Super Group Price Performance

NYSE:SGHC opened at $8.08 on Wednesday. The company has a market cap of $4.02 billion, a P/E ratio of 134.69 and a beta of 0.95. The firm’s fifty day moving average price is $6.57 and its two-hundred day moving average price is $4.84. Super Group has a one year low of $2.90 and a one year high of $8.44.

Super Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were given a dividend of $0.15 per share. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group’s payout ratio is presently 166.69%.

Institutional Investors Weigh In On Super Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Walleye Capital LLC bought a new position in Super Group during the 3rd quarter worth $54,000. Algert Global LLC increased its position in shares of Super Group by 54.5% in the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after purchasing an additional 6,711 shares during the period. Intech Investment Management LLC acquired a new position in Super Group in the third quarter valued at about $66,000. Burns Matteson Capital Management LLC bought a new stake in Super Group during the third quarter worth about $70,000. Finally, DGS Capital Management LLC acquired a new stake in Super Group during the fourth quarter worth about $73,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

About Super Group

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.