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

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

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

Superior Plus Trading Down 1.7 %

Shares of Superior Plus stock opened at C$6.28 on Friday. Superior Plus has a 1 year low of C$5.15 and a 1 year high of C$10.36. The company’s fifty day simple moving average is C$6.44 and its 200-day simple moving average is C$7.54. The company has a market cap of C$1.56 billion, a price-to-earnings ratio of -125.60 and a beta of 0.76. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 2.87%. Superior Plus’s dividend payout ratio is -1,440.00%.

Insider Transactions at Superior Plus

In related news, Director Shawn Bradley Vammen bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of C$6.35 per share, with a total value of C$31,750.00. Also, Director Patrick Edward Gottschalk purchased 100,000 shares of the firm’s stock in a transaction dated 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 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.