Superior Plus Corp. (SPB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Superior Plus Corp. (TSE:SPB) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$13.66.

SPB has been the subject of a number of research reports. Scotiabank restated a “sector perform” rating and issued a C$13.75 price objective on shares of Superior Plus Corp. in a report on Thursday, September 28th. Canaccord Genuity upgraded shares of Superior Plus Corp. from a “hold” rating to a “buy” rating and set a C$13.00 price objective for the company in a report on Thursday, September 28th. BMO Capital Markets restated a “market perform” rating and issued a C$13.00 price objective on shares of Superior Plus Corp. in a report on Thursday, September 28th. Finally, TD Securities dropped their price objective on shares of Superior Plus Corp. from C$14.00 to C$13.00 and set a “hold” rating for the company in a report on Thursday, August 10th.

In other news, Director Patrick Edward Gottschalk purchased 30,000 shares of the stock in a transaction on Friday, September 29th. The stock was bought at an average price of C$10.19 per share, for a total transaction of C$305,700.00.

Shares of Superior Plus Corp. (SPB) traded up 0.16% during trading on Friday, reaching $12.76. 205,750 shares of the company’s stock were exchanged. The company has a 50 day moving average of $12.02 and a 200 day moving average of $11.96. Superior Plus Corp. has a 12-month low of $10.80 and a 12-month high of $13.34. The stock has a market cap of $1.82 billion and a P/E ratio of 7.46.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Monday, October 30th.

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Superior Plus Corp. Company Profile

Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.

Analyst Recommendations for Superior Plus Corp. (TSE:SPB)

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