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

Super Group (NYSE:SGHC) had its target price lifted by investment analysts at Canaccord Genuity Group from $10.00 to $11.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 44.83% from the stock’s current price.

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

Super Group Trading Down 3.1 %

SGHC stock opened at $7.60 on Wednesday. Super Group has a 52 week low of $2.90 and a 52 week high of $8.51. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 126.60 and a beta of 0.99. The firm’s 50-day moving average is $7.12 and its two-hundred day moving average is $5.44.

Institutional Investors Weigh In On Super Group

Several hedge funds have recently modified their holdings of the stock. Aquatic Capital Management LLC acquired a new stake in Super Group during the 4th quarter worth about $30,000. Walleye Capital LLC purchased a new position in shares of Super Group in the third quarter worth approximately $54,000. Intech Investment Management LLC acquired a new stake in shares of Super Group during the third quarter valued at approximately $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Super Group in the 4th quarter valued at approximately $66,000. Finally, Xponance Inc. acquired a new position in Super Group in the 4th quarter worth approximately $67,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

About Super Group

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.