Analysts Set Superior Plus Corp. (TSE:SPB) Target Price at C$9.28

Shares of Superior Plus Corp. (TSE:SPB) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$9.28.

Several research analysts have recently weighed in on the company. Raymond James Financial decreased their price target on Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating for the company in a research note on Thursday, August 14th. CIBC cut their price objective on shares of Superior Plus from C$9.00 to C$8.50 in a research report on Friday, November 14th. TD Securities raised Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. BMO Capital Markets lifted their target price on Superior Plus from C$8.00 to C$10.00 in a research report on Friday, October 10th. Finally, Desjardins reduced their price target on Superior Plus from C$10.50 to C$9.75 and set a “buy” rating for the company in a research report on Wednesday, August 13th.

Superior Plus Price Performance

SPB stock opened at C$7.21 on Monday. Superior Plus has a 52-week low of C$5.77 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. The firm has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 103.00 and a beta of 0.18. The firm has a 50 day moving average price of C$7.75 and a 200-day moving average price of C$7.63.

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

Superior Plus Announces Dividend

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