Citizens initiates Super Group coverage with $15 target
Citizens JMP initiated coverage of Super Group with a Market Outperform rating and a $15 price target, according to the report. The analysts cited the company’s African business, casino revenue mix and cash generation, and projected 71% EBITDA growth through 2027. They also identified a planned September investor event and possible online gambling legalisation in Alberta as potential catalysts.
The rating and forecasts offer investors a view of Super Group’s growth prospects and potential catalysts.