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

Super Group (NYSE:SGHC) had its price target increased by Oppenheimer from $9.00 to $11.00 in a research note released on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other brokerages have also issued reports on SGHC. Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.00 to $10.00 in a report on Friday, January 24th. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target on shares of Super Group in a report on Wednesday, January 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Super Group in a research note on Monday, January 27th.

Super Group Stock Down 2.8 %

NYSE:SGHC opened at $8.08 on Wednesday. Super Group has a twelve month low of $2.90 and a twelve month high of $8.44. The stock’s 50-day simple moving average is $6.57 and its 200 day simple moving average is $4.84. The firm has a market capitalization of $4.02 billion, a PE ratio of 134.69 and a beta of 0.95.

Super Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.15 per share. This represents a yield of 5.7%. The ex-dividend date was Monday, December 23rd. Super Group’s payout ratio is 166.69%.

Hedge Funds Weigh In On Super Group

Several large investors have recently modified their holdings of SGHC. DGS Capital Management LLC bought a new stake in shares of Super Group in the fourth quarter worth $73,000. Walleye Capital LLC acquired a new position in Super Group during the 3rd quarter worth about $54,000. Intech Investment Management LLC bought a new stake in shares of Super Group in the 3rd quarter valued at about $66,000. Algert Global LLC increased its stake in shares of Super Group by 54.5% in the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after buying an additional 6,711 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new position in shares of Super Group during the third quarter worth about $70,000. Institutional investors own 5.09% of the company’s stock.

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.