Analysts Set Superior Plus Corp. (TSE:SPB) Price Target at C$9.91

Shares of Superior Plus Corp. (TSE:SPB) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$9.91.

Several research firms have recently commented on SPB. National Bankshares decreased their price target on shares of Superior Plus from C$10.00 to C$9.00 in a report on Thursday, August 15th. Royal Bank of Canada decreased their price target on shares of Superior Plus from C$13.00 to C$11.00 in a report on Thursday, August 15th. Scotiabank decreased their price target on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. BMO Capital Markets decreased their price target on shares of Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. Finally, TD Securities decreased their price target on shares of Superior Plus from C$9.00 to C$7.50 and set a “buy” rating for the company in a report on Friday, November 8th.

Insider Transactions at Superior Plus

In other news, Director Patrick Edward Gottschalk bought 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of C$6.32 per share, with a total value of C$632,150.40. Also, Director Shawn Bradley Vammen bought 5,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of C$6.35 per share, for a total transaction of C$31,750.00. Corporate insiders own 0.54% of the company’s stock.

Superior Plus Price Performance

Shares of SPB stock opened at C$6.30 on Thursday. The firm has a market cap of C$1.57 billion, a P/E ratio of -126.00 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$10.36. The firm has a fifty day moving average of C$7.19 and a two-hundred day moving average of C$8.16.

Superior Plus Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.045 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.18 annualized dividend and a dividend yield of 2.86%. Superior Plus’s dividend payout ratio is currently -1,440.00%.

Superior Plus Company Profile

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.