Superior Plus Corp. (TSE:SPB) Receives Consensus Rating of “Buy” from Brokerages

Shares of Superior Plus Corp. (TSE:SPBGet Rating) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$14.41.

Several research analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on Superior Plus from C$13.00 to C$12.50 in a research report on Tuesday, February 22nd. Canaccord Genuity Group raised Superior Plus to a “buy” rating and set a C$13.50 target price for the company in a research report on Thursday, April 7th. National Bankshares set a C$13.00 price target on Superior Plus and gave the stock an “outperform” rating in a research note on Wednesday, April 6th. TD Securities cut their price target on Superior Plus from C$16.00 to C$15.50 and set a “buy” rating on the stock in a research note on Friday, April 8th. Finally, National Bank Financial upgraded Superior Plus from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Tuesday, January 25th.

In other Superior Plus news, Senior Officer Elizabeth Summers bought 4,500 shares of the business’s stock in a transaction on Tuesday, February 22nd. The shares were acquired at an average cost of C$10.92 per share, for a total transaction of C$49,140.00. Following the purchase, the insider now owns 42,782 shares in the company, valued at approximately C$467,179.44.

Shares of TSE:SPB opened at C$11.55 on Thursday. Superior Plus has a 52-week low of C$10.80 and a 52-week high of C$16.24. The firm has a market capitalization of C$2.33 billion and a P/E ratio of 11.14. The stock has a 50 day moving average price of C$11.57 and a 200-day moving average price of C$12.63. The company has a debt-to-equity ratio of 124.28, a quick ratio of 0.68 and a current ratio of 1.06.

Superior Plus (TSE:SPBGet Rating) last announced its earnings results on Thursday, February 17th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.28 by C($0.24). The firm had revenue of C$824.90 million during the quarter, compared to analysts’ expectations of C$681.67 million. On average, equities analysts forecast that Superior Plus will post 0.6974888 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 13th. Shareholders of record on Saturday, April 30th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, April 28th. This represents a $0.72 annualized dividend and a yield of 6.23%. Superior Plus’s dividend payout ratio is 69.43%.

About Superior Plus (Get Rating)

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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