Super Group’s (SGHC) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Super Group (NYSE:SGHC) in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $10.00 target price on the stock.

Several other research analysts have also recently issued reports on SGHC. Canaccord Genuity Group raised Super Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $5.00 to $10.00 in a research note on Friday, January 24th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of Super Group in a research report on Wednesday, January 22nd. Finally, Oppenheimer upped their price target on shares of Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

Super Group Trading Up 0.8 %

Shares of NYSE SGHC opened at $8.15 on Monday. The stock has a 50 day simple moving average of $6.48 and a 200-day simple moving average of $4.78. The company has a market cap of $4.06 billion, a PE ratio of 135.77 and a beta of 0.95. Super Group has a 12-month low of $2.90 and a 12-month high of $8.28.

Super Group Dividend Announcement

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

Institutional Trading of Super Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caprock Group LLC raised its holdings in Super Group by 2.8% during the 3rd quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock worth $261,000 after buying an additional 1,959 shares during the period. HighTower Advisors LLC increased its position in shares of 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 acquiring an additional 3,993 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Super Group by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock valued at $176,000 after acquiring an additional 5,005 shares during the period. Algert Global LLC lifted its position in shares of Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after acquiring an additional 6,711 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new position in Super Group in the 4th quarter worth approximately $73,000. 5.09% of the stock is 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.