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

Super Group (NYSE:SGHC) had its price objective increased by Oppenheimer from $6.00 to $9.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on SGHC. 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 Stock Up 0.1 %

Shares of Super Group stock opened at $6.76 on Friday. The business has a 50-day moving average price of $5.26 and a 200 day moving average price of $4.08. Super Group has a fifty-two week low of $2.63 and a fifty-two week high of $7.12. The firm has a market cap of $3.37 billion, a P/E ratio of 112.69 and a beta of 0.95.

Super Group Announces Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be given a $0.15 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Monday, December 23rd. Super Group’s dividend payout ratio (DPR) is 166.69%.

Institutional Investors Weigh In On Super Group

Hedge funds have recently made changes to their positions in the business. Walleye Capital LLC bought a new stake in shares of Super Group during the third quarter valued at about $54,000. Algert Global LLC increased its stake in Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after buying an additional 6,711 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Super Group in the 3rd quarter worth approximately $66,000. Burns Matteson Capital Management LLC bought a new position in shares of Super Group in the third quarter valued at approximately $70,000. Finally, AQR Capital Management LLC acquired a new position in shares of Super Group during the second quarter valued at approximately $77,000. 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.