Analysts Set Superior Plus Corp. (TSE:SPB) Price Target at C$10.05

Shares of Superior Plus Corp. (TSE:SPB) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Four research 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 1-year price target among brokers that have issued ratings on the stock in the last year is C$10.05.

Several research analysts have recently weighed in on the stock. TD Securities increased their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Desjardins cut their price target on shares of 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. Scotiabank dropped their price objective on Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. Royal Bank of Canada cut their target price on Superior Plus from C$13.00 to C$11.00 in a research report on Thursday, August 15th. Finally, Cibc World Mkts upgraded Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th.

Insider Activity

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

Superior Plus Stock Performance

Superior Plus stock opened at C$6.74 on Monday. The stock has a fifty day moving average price of C$6.77 and a 200 day moving average price of C$7.85. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The firm has a market capitalization of C$1.68 billion, a P/E ratio of -134.80 and a beta of 0.76.

Superior Plus Cuts Dividend

The company 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 dividend of $0.045 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.67%. Superior Plus’s dividend payout ratio is currently -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.