Superior Plus Corp. (TSE:SPB) Receives C$10.05 Average PT from Brokerages

Superior Plus Corp. (TSE:SPB) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$9.90.

Several analysts recently issued reports on the stock. TD Securities increased their price target on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Scotiabank reduced their target price on Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. CIBC raised Superior Plus from a “neutral” rating to an “outperform” rating and lowered their price target for the stock from C$9.50 to C$8.50 in a report on Friday, November 8th. Desjardins reduced their price objective on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, BMO Capital Markets decreased their target price on Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd.

Insider Transactions at Superior Plus

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

Superior Plus Trading Down 0.6 %

Shares of Superior Plus stock opened at C$6.24 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$10.36. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -124.80 and a beta of 0.76. The firm’s 50-day moving average price is C$6.42 and its two-hundred day moving average price is C$7.50.

Superior Plus Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Tuesday, December 31st. Superior Plus’s payout ratio is -1,440.00%.

Superior Plus Company Profile

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.