Super Group (NYSE:SGHC) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Super Group (NYSE:SGHC) had its price objective hoisted by equities researchers at Canaccord Genuity Group from $10.00 to $11.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 44.83% from the company’s current price.

SGHC has been the topic of several other reports. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Oppenheimer raised their price objective on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC boosted their target price on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday.

Super Group Stock Down 3.1 %

Shares of SGHC opened at $7.60 on Wednesday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 126.60 and a beta of 0.99. The company’s fifty day moving average is $7.12 and its 200-day moving average is $5.44. Super Group has a 12 month low of $2.90 and a 12 month high of $8.51.

Hedge Funds Weigh In On Super Group

Institutional investors have recently made changes to their positions in the business. Aquatic Capital Management LLC bought a new stake in Super Group during the 4th quarter valued at approximately $30,000. Walleye Capital LLC acquired a new position in shares of Super Group during the third quarter worth approximately $54,000. Intech Investment Management LLC bought a new stake in shares of Super Group in the third quarter valued at approximately $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Super Group in the fourth quarter worth $66,000. Finally, Xponance Inc. bought a new position in Super Group during the fourth quarter worth $67,000. 5.09% of the stock is currently owned by institutional investors.

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.