Oppenheimer Raises Super Group (NYSE:SGHC) Price Target to $11.00

Super Group (NYSE:SGHC) had its price target upped by analysts at Oppenheimer from $9.00 to $11.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 32.29% from the stock’s current price.

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

Super Group Trading Up 1.9 %

Shares of SGHC opened at $8.32 on Wednesday. The stock’s 50-day moving average price is $6.53 and its two-hundred day moving average price is $4.80. Super Group has a 12 month low of $2.90 and a 12 month high of $8.44. The company has a market capitalization of $4.14 billion, a PE ratio of 138.61 and a beta of 0.95.

Hedge Funds Weigh In On Super Group

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of Super Group by 10.4% in the 4th quarter. Rhumbline Advisers now owns 194,146 shares of the company’s stock valued at $1,210,000 after buying an additional 18,248 shares during the period. Helikon Investments Ltd grew its stake in Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock valued at $20,148,000 after acquiring an additional 1,462,418 shares during the period. DGS Capital Management LLC bought a new stake in shares of Super Group during the fourth quarter valued at approximately $73,000. SG Americas Securities LLC raised its position in shares of Super Group by 40.1% during the fourth quarter. SG Americas Securities LLC now owns 68,551 shares of the company’s stock worth $427,000 after purchasing an additional 19,631 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Super Group by 106.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock worth $824,000 after purchasing an additional 116,740 shares in the last quarter. 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.