Super Group (NYSE:SGHC - Get Free Report) had its price objective increased by research analysts at Canaccord Genuity Group from $10.00 to $11.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 46.76% from the company's previous close.
Several other brokerages have also issued reports on SGHC. Needham & Company LLC lifted their price target on Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday. Oppenheimer lifted their price target on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Super Group in a report on Monday, January 27th.
Get Our Latest Analysis on SGHC
Super Group Stock Performance
Shares of Super Group stock traded down $0.08 during trading on Wednesday, hitting $7.50. 757,149 shares of the stock traded hands, compared to its average volume of 804,863. The stock has a market cap of $3.73 billion, a P/E ratio of 124.94 and a beta of 0.99. Super Group has a twelve month low of $2.90 and a twelve month high of $8.51. The company has a fifty day moving average price of $7.14 and a two-hundred day moving average price of $5.49.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Helikon Investments Ltd bought a new stake in Super Group in the third quarter valued at $6,431,000. Invesco Ltd. grew its position in Super Group by 500.9% in the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock valued at $9,306,000 after acquiring an additional 1,245,185 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Super Group by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock valued at $8,106,000 after acquiring an additional 1,018,664 shares during the period. JPMorgan Chase & Co. grew its position in Super Group by 332.8% in the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock valued at $6,118,000 after acquiring an additional 755,044 shares during the period. Finally, American Century Companies Inc. grew its position in Super Group by 19.4% in the fourth quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock valued at $27,120,000 after acquiring an additional 707,723 shares during the period. 5.09% of the stock is currently owned by institutional investors and hedge funds.
About Super Group
(
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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.
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