Super Group (NYSE:SGHC) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Super Group (NYSE:SGHC) from a hold rating to a buy rating in a report published on Friday, Marketbeat reports. They currently have $10.00 target price on the stock, up from their previous target price of $5.00.

SGHC has been the subject of several other reports. Needham & Company LLC reiterated a “buy” rating and set a $9.00 target price on shares of Super Group in a research note on Wednesday, January 22nd. Oppenheimer raised their price objective on Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, 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 Super Group stock opened at $7.92 on Friday. Super Group has a 1-year low of $2.90 and a 1-year high of $7.97. The business has a 50-day moving average of $6.35 and a 200-day moving average of $4.69. The company has a market capitalization of $3.94 billion, a PE ratio of 132.06 and a beta of 0.95.

Super Group Announces Dividend

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

Institutional Investors Weigh In On Super Group

Institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new position in shares of Super Group in the 3rd quarter worth approximately $54,000. Algert Global LLC lifted its holdings in shares of Super Group by 54.5% during the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after purchasing an additional 6,711 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Super Group in the 3rd quarter valued at $66,000. Burns Matteson Capital Management LLC purchased a new position in Super Group in the 3rd quarter worth about $70,000. Finally, DGS Capital Management LLC purchased a new stake in Super Group during the fourth quarter valued at about $73,000. Institutional investors and hedge funds 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.