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

Superior Plus Corp. (TSE:SPB) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat reports. Three research 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 target price among brokerages that have updated their coverage on the stock in the last year is C$9.95.

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

Superior Plus Trading Up 0.3 %

SPB opened at C$6.34 on Friday. Superior Plus has a 12 month low of C$5.15 and a 12 month high of C$10.36. The stock has a market capitalization of C$1.58 billion, a price-to-earnings ratio of -126.80 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. The business has a fifty day moving average price of C$6.40 and a 200 day moving average price of C$7.44.

Superior Plus Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, December 31st. Superior Plus’s payout ratio is currently -1,440.00%.

Insider Activity

In other news, Director Shawn Bradley Vammen bought 5,000 shares of Superior Plus stock in a transaction dated 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 Superior Plus stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of C$6.32 per share, with a total value of C$632,150.40. Company insiders own 0.54% of the company’s stock.

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.