Superior Plus (TSE:SPB – Free Report) had its price objective increased by National Bank Financial from C$6.00 to C$7.50 in a report published on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.
A number of other brokerages have also weighed in on SPB. Desjardins lifted their price objective on Superior Plus from C$7.00 to C$7.75 and gave the stock a “hold” rating in a research report on Friday. Scotiabank lowered Superior Plus from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$8.50 to C$6.50 in a research report on Monday, February 23rd. BMO Capital Markets lowered Superior Plus from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$9.00 to C$8.00 in a research report on Friday, February 20th. TD Securities lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, ATB Cormark Capital Markets lifted their price target on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$8.11.
View Our Latest Stock Report on SPB
Superior Plus Price Performance
Superior Plus (TSE:SPB – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$1.25 billion for the quarter. Superior Plus had a return on equity of 4.59% and a net margin of 1.69%.
Superior Plus Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Superior Plus’s dividend payout ratio is currently 62.09%.
Insider Activity at Superior Plus
In related news, insider Dale Alan Winger bought 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of C$7.65 per share, with a total value of C$76,500.00. Following the completion of the purchase, the insider owned 41,000 shares in the company, valued at approximately C$313,650. The trade was a 32.26% increase in their position. Corporate 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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.
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