Superior Plus Corp. (TSE:SPB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Superior Plus Corp. (TSE:SPB) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$10.05.

A number of research firms have recently weighed in on SPB. Cibc World Mkts upgraded shares of Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. Scotiabank cut their target price on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. CIBC upgraded Superior Plus from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from C$9.50 to C$8.50 in a research report on Friday, November 8th. TD Securities upped their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Finally, BMO Capital Markets decreased their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Tuesday, October 22nd.

Insider Buying and Selling

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

Superior Plus Stock Performance

TSE SPB opened at C$6.33 on Monday. The stock has a market cap of C$1.57 billion, a PE ratio of -126.60 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. The firm has a 50-day moving average of C$6.75 and a 200-day moving average of C$7.83. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$10.36.

Superior Plus Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.84%. Superior Plus’s dividend payout ratio (DPR) is presently -1,440.00%.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.