Superior Plus Corp. (TSE:SPB) Receives C$9.28 Consensus PT from Brokerages

Superior Plus Corp. (TSE:SPB) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$9.28.

A number of equities analysts have issued reports on SPB shares. BMO Capital Markets raised their target price on shares of Superior Plus from C$8.00 to C$10.00 in a report on Friday, October 10th. Scotiabank cut their price target on Superior Plus from C$10.00 to C$8.50 in a report on Monday, November 17th. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. CIBC raised Superior Plus from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$8.50 to C$9.00 in a research report on Wednesday, December 17th. Finally, National Bankshares boosted their price target on shares of Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th.

Superior Plus Stock Performance

SPB stock opened at C$7.10 on Friday. The firm has a market cap of C$1.58 billion, a P/E ratio of 101.43 and a beta of 0.17. The stock’s 50 day simple moving average is C$7.46 and its 200 day simple moving average is C$7.55. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. Superior Plus has a 12-month low of C$5.77 and a 12-month high of C$8.34.

Superior Plus (TSE:SPB) last released its earnings results on Thursday, November 13th. The company reported C($0.41) earnings per share for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%. The business had revenue of C$470.64 million for the quarter.

Superior Plus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 29th. Superior Plus’s payout ratio is presently 182.88%.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.