Canaccord Genuity Group Boosts Super Group (NYSE:SGHC) Price Target to $11.00

Super Group (NYSE:SGHC) had its price objective increased by equities researchers at Canaccord Genuity Group from $10.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 40.94% from the company’s previous close.

A number of other equities analysts have also commented on SGHC. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Super Group in a research note on Monday, January 27th. Oppenheimer upped their price objective on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC boosted their target price on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday.

Super Group Trading Up 3.5 %

SGHC stock traded up $0.27 on Wednesday, hitting $7.81. 246,041 shares of the company’s stock traded hands, compared to its average volume of 802,753. The stock has a fifty day moving average of $7.07 and a 200-day moving average of $5.41. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 130.11 and a beta of 0.99. Super Group has a 1-year low of $2.90 and a 1-year high of $8.51.

Hedge Funds Weigh In On Super Group

Several institutional investors have recently modified their holdings of the business. Helikon Investments Ltd bought a new stake in Super Group in the third quarter worth about $6,431,000. GSA Capital Partners LLP raised its holdings in shares of Super Group by 133.3% in the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock worth $863,000 after purchasing an additional 135,865 shares during the period. Caprock Group LLC lifted its stake in Super Group by 2.8% in the third quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock valued at $261,000 after purchasing an additional 1,959 shares during the last quarter. Intech Investment Management LLC bought a new position in Super Group during the third quarter valued at $66,000. Finally, Walleye Capital LLC purchased a new stake in Super Group in the third quarter worth $54,000. 5.09% of the stock is owned by institutional investors.

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.