Barclays initiates SGHC stock with Equalweight rating on Africa growth
Barclays initiated coverage on SGHC Limited (NYSE:SGHC) with an Equalweight rating and a $13 price target, citing growth in Africa and attractive valuation. The firm noted regulatory risks but highlighted SGHC's low P/E and PEG ratios. SGHC reported record Q2 revenue of $684M, up 18% YoY, and raised its 2026 outlook. Analysts from Canaccord, Needham, and Citizens maintained Buy ratings with targets up to $19.