5 reasons to start buying Super Group shares right now: CIMB

SINGAPORE (June 24): CIMB Securities has upgraded its rating for Super Group from ‘reduce’ to ‘add’, with an increased target price of 93 cents from its previous 89 cent price target.

To recap, CIMB had cut its former ‘add’ rating for the F&B manufacturer and distributor to ‘reduce’ in March this year, as its share price rose by nearly 35% after reporting strong fourth quarter results for the year before.

(See: Super Group cut to ‘reduce’ by CIMB with lower 96 cents target)

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