Super Group (NYSE:SGHC) Given Buy Rating at Benchmark

Benchmark restated their buy rating on shares of Super Group (NYSE:SGHCFree Report) in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a $10.00 target price on the stock.

Several other equities analysts also recently commented on the company. Oppenheimer increased their target price on Super Group from $6.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price objective on shares of Super Group in a report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $10.00 in a report on Friday.

View Our Latest Report on SGHC

Super Group Price Performance

SGHC stock opened at $7.96 on Monday. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 132.62 and a beta of 0.95. The company has a 50 day simple moving average of $6.39 and a 200 day simple moving average of $4.72. Super Group has a 1 year low of $2.90 and a 1 year high of $7.99.

Super Group Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were paid a $0.15 dividend. This represents a dividend yield of 5.7%. The ex-dividend date was Monday, December 23rd. Super Group’s dividend payout ratio is currently 166.67%.

Institutional Trading of Super Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caprock Group LLC lifted its stake in shares of Super Group by 2.8% in the 3rd 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 period. HighTower Advisors LLC increased its holdings in Super Group by 22.7% in the third quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after purchasing an additional 3,993 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Super Group by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock valued at $176,000 after buying an additional 5,005 shares during the period. Algert Global LLC boosted its holdings in shares of 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 buying an additional 6,711 shares in the last quarter. Finally, DGS Capital Management LLC bought a new stake in shares of Super Group in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group Company Profile

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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.

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