Super Group (NYSE:SGHC) Given New $11.00 Price Target at Canaccord Genuity Group

Super Group (NYSE:SGHC) had its target price upped by Canaccord Genuity Group from $10.00 to $11.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on SGHC. Needham & Company LLC lifted their price target on Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Finally, Oppenheimer upped their price target on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th.

Super Group Trading Up 3.8 %

SGHC opened at $7.83 on Wednesday. Super Group has a 12 month low of $2.90 and a 12 month high of $8.51. The company has a market cap of $3.90 billion, a PE ratio of 130.52 and a beta of 0.99. The company has a 50 day moving average of $7.10 and a 200 day moving average of $5.43.

Super Group Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a $0.04 dividend. The ex-dividend date is Monday, March 10th. This represents a yield of 3.6%. Super Group’s dividend payout ratio is currently 166.67%.

Institutional Trading of Super Group

A number of large investors have recently modified their holdings of the business. Aquatic Capital Management LLC bought a new position in shares of Super Group in the fourth quarter worth approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Super Group during the 4th quarter valued at $66,000. Xponance Inc. bought a new stake in shares of Super Group during the 4th quarter worth $67,000. DGS Capital Management LLC purchased a new position in Super Group in the fourth quarter worth $73,000. Finally, Fox Run Management L.L.C. bought a new position in Super Group in the fourth quarter valued at $75,000. Institutional investors own 5.09% of the company’s stock.

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.