Analysts Set Superior Plus Corp. (TSE:SPB) PT at C$9.16

Superior Plus Corp. (TSE:SPB) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$9.16.

A number of analysts have commented on the stock. Raymond James Financial lowered their target price on shares of Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating for the company in a report on Thursday, August 14th. BMO Capital Markets reduced their target price on Superior Plus from C$10.00 to C$8.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. TD Securities decreased their target price on Superior Plus from C$8.50 to C$8.00 and set a “hold” rating for the company in a research report on Wednesday, August 13th. Finally, Desjardins cut their price target on shares of Superior Plus from C$10.50 to C$9.75 and set a “buy” rating on the stock in a research report on Wednesday, August 13th.

Superior Plus Stock Up 0.1%

TSE SPB opened at C$7.58 on Wednesday. The stock has a fifty day moving average of C$7.31 and a 200-day moving average of C$7.23. The stock has a market capitalization of C$1.70 billion, a P/E ratio of 36.10 and a beta of 0.23. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$8.34. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67.

Superior Plus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.4%. Superior Plus’s dividend payout ratio is 109.01%.

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.