Superior Plus (TSE:SPB) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Superior Plus (TSE:SPB) to a moderate buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also commented on the stock. TD Securities decreased their target price on shares of Superior Plus from C$8.50 to C$8.00 and set a “hold” rating on the stock in a research report on Wednesday. BMO Capital Markets decreased their target price on shares of Superior Plus from C$10.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Desjardins decreased their target price on shares of Superior Plus from C$10.50 to C$9.75 and set a “buy” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Superior Plus presently has a consensus rating of “Moderate Buy” and an average target price of C$9.47.

Superior Plus Price Performance

Shares of TSE SPB opened at C$6.91 on Wednesday. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The stock has a fifty day moving average price of C$7.59 and a 200 day moving average price of C$7.05. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$8.34. The company has a market cap of C$1.16 billion, a PE ratio of 25.41 and a beta of 0.76.

Superior Plus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.6%. Superior Plus’s dividend payout ratio (DPR) is presently 264.73%.

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.