Oppenheimer Boosts Super Group (NYSE:SGHC) Price Target to $9.00

Super Group (NYSE:SGHC) had its price objective lifted by analysts at Oppenheimer from $6.00 to $9.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 33.33% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Needham & Company LLC raised their price objective on Super Group from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday. Benchmark raised their price target on shares of Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Super Group Price Performance

Shares of SGHC stock opened at $6.75 on Friday. The business has a fifty day moving average of $5.26 and a 200 day moving average of $4.08. Super Group has a 1 year low of $2.63 and a 1 year high of $7.12. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 112.50 and a beta of 0.95.

Institutional Trading of Super Group

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Super Group by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock valued at $2,964,000 after purchasing an additional 61,937 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Super Group by 13.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock worth $135,000 after acquiring an additional 4,715 shares during the period. Bank of New York Mellon Corp raised its position in shares of Super Group by 26.1% in the second quarter. Bank of New York Mellon Corp now owns 420,320 shares of the company’s stock worth $1,358,000 after acquiring an additional 87,118 shares during the period. Phraction Management LLC boosted its stake in shares of Super Group by 23.4% during the 2nd quarter. Phraction Management LLC now owns 158,386 shares of the company’s stock worth $512,000 after acquiring an additional 30,031 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Super Group by 14.9% during the 2nd quarter. Rhumbline Advisers now owns 173,904 shares of the company’s stock valued at $562,000 after acquiring an additional 22,571 shares during the period. Hedge funds and other 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.