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

Super Group (NYSE:SGHC)‘s stock had its “buy” rating reaffirmed by equities researchers at Benchmark in a report issued on Monday,Benzinga reports. They currently have a $10.00 price target on the stock. Benchmark’s price target indicates a potential upside of 24.15% from the stock’s previous close.

SGHC has been the topic of a number of other research reports. Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Super Group in a research report on Wednesday, January 22nd. Oppenheimer raised their target price on shares of Super Group from $6.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $5.00 to $10.00 in a research report on Friday, January 24th.

Super Group Stock Performance

Shares of NYSE:SGHC opened at $8.06 on Monday. The firm’s 50 day simple moving average is $6.43 and its 200-day simple moving average is $4.76. Super Group has a one year low of $2.90 and a one year high of $8.28. The firm has a market cap of $4.01 billion, a PE ratio of 134.27 and a beta of 0.95.

Institutional Trading of Super Group

Several hedge funds and other institutional investors have recently made changes to their positions in SGHC. Barclays PLC raised its stake in Super Group by 141.1% in the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock valued at $978,000 after buying an additional 157,693 shares during the last quarter. State Street Corp boosted its stake in Super Group by 8.5% in the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company’s stock worth $9,042,000 after purchasing an additional 194,460 shares in the last quarter. GSA Capital Partners LLP grew its position in Super Group by 133.3% during the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock worth $863,000 after purchasing an additional 135,865 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Super Group by 106.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock valued at $824,000 after purchasing an additional 116,740 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Super Group by 82.1% in the second quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock worth $955,000 after buying an additional 133,300 shares during the last quarter. Hedge funds and other 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.