Superior Plus (TSE:SPB) Share Price Crosses Above 200 Day Moving Average of $9.79

Superior Plus Corp. (TSE:SPB)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.79 and traded as high as C$10.16. Superior Plus shares last traded at C$10.10, with a volume of 716,621 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPB. TD Securities reduced their target price on shares of Superior Plus from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Raymond James downgraded Superior Plus from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$12.50 to C$11.50 in a report on Thursday, January 4th. Scotiabank decreased their price target on Superior Plus from C$12.75 to C$12.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. Finally, CIBC dropped their price objective on shares of Superior Plus from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$12.69.

Superior Plus Trading Down 0.1 %

The company has a market capitalization of C$2.51 billion, a PE ratio of 43.87 and a beta of 0.79. The company has a fifty day simple moving average of C$9.61 and a 200-day simple moving average of C$9.80. The company has a current ratio of 0.87, a quick ratio of 0.46 and a debt-to-equity ratio of 140.14.

Superior Plus (TSE:SPB) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.04). Superior Plus had a net margin of 1.54% and a return on equity of 4.77%. The firm had revenue of C$985.80 million during the quarter, compared to analysts’ expectations of C$1.21 billion. Analysts predict that Superior Plus Corp. will post 0.4397254 EPS for the current year.

Superior Plus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Wednesday, March 27th. Superior Plus’s dividend payout ratio (DPR) is 313.04%.

Insider Buying and Selling at Superior Plus

In other news, Director Allan Angus Macdonald bought 53,022 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average price of C$9.45 per share, with a total value of C$500,983.67. 0.49% of the stock is currently owned by corporate insiders.

About Superior Plus

Superior Plus Corp. distributes and markets propane and distillates in both the United States and Canada. It operates through three segments: The United States Retail Propane Distribution (U.S. Propane); Canadian Retail Propane Distribution (Canadian Propane); and North American Wholesale Propane Distribution (Wholesale Propane).