Brokerages Set Superior Plus Corp. (TSE:SPB) PT at C$10.05

Superior Plus Corp. (TSE:SPB) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$10.05.

A number of brokerages have weighed in on SPB. TD Securities boosted their price objective on Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. Stifel Nicolaus decreased their price target on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Scotiabank reduced their target price on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. National Bankshares decreased their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Finally, BMO Capital Markets dropped their price target on Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd.

Insider Activity at Superior Plus

In other Superior Plus news, Director Patrick Edward Gottschalk purchased 100,000 shares of Superior Plus stock in a transaction on Friday, November 8th. The shares were bought at an average price of C$6.32 per share, with a total value of C$632,150.40. Also, Director Shawn Bradley Vammen acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of C$6.35 per share, with a total value of C$31,750.00. Company insiders own 0.54% of the company’s stock.

Superior Plus Stock Performance

TSE SPB opened at C$6.74 on Monday. The company has a fifty day moving average of C$6.77 and a two-hundred day moving average of C$7.85. The company has a market capitalization of C$1.68 billion, a PE ratio of -134.80 and a beta of 0.76. Superior Plus has a 1 year low of C$5.15 and a 1 year high of C$10.36. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46.

Superior Plus Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.67%. Superior Plus’s dividend payout ratio is presently -1,440.00%.

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.