Oppenheimer Forecasts Strong Price Appreciation for Super Group (NYSE:SGHC) Stock

Super Group (NYSE:SGHC) had its target price lifted by Oppenheimer from $9.00 to $11.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

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

Super Group Stock Up 0.8 %

Shares of NYSE:SGHC opened at $8.15 on Wednesday. The firm has a 50 day moving average of $6.48 and a 200 day moving average of $4.78. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 135.77 and a beta of 0.95. Super Group has a 52 week low of $2.90 and a 52 week high of $8.28.

Super Group Dividend Announcement

The firm also recently declared a — dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were paid 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 166.69%.

Institutional Trading of Super Group

A number of institutional investors have recently bought and sold shares of SGHC. DGS Capital Management LLC acquired a new position in Super Group during the 4th quarter valued at approximately $73,000. Walleye Capital LLC acquired a new position in shares of Super Group in the 3rd quarter valued at $54,000. Intech Investment Management LLC purchased a new position in Super Group in the 3rd quarter worth $66,000. Algert Global LLC lifted its position in Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after acquiring an additional 6,711 shares during the period. Finally, Burns Matteson Capital Management LLC purchased a new stake in Super Group during the 3rd quarter valued at about $70,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.