Superior Plus (TSE:SPB) Price Target Raised to C$7.00 at National Bankshares

Superior Plus (TSE:SPB) had its price objective lifted by National Bankshares from C$6.50 to C$7.00 in a research report report published on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities analysts also recently issued research reports about the company. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. BMO Capital Markets raised their target price on Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. CIBC upgraded Superior Plus from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$8.50 to C$9.00 in a report on Wednesday. Finally, Scotiabank dropped their price objective on shares of Superior Plus from C$10.00 to C$8.50 in a report on Monday, November 17th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Superior Plus currently has an average rating of “Moderate Buy” and a consensus target price of C$9.28.

Superior Plus Stock Performance

SPB opened at C$7.14 on Wednesday. Superior Plus has a twelve month low of C$5.77 and a twelve month high of C$8.34. The firm has a market capitalization of C$1.59 billion, a PE ratio of 102.00 and a beta of 0.17. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The firm’s 50-day moving average price is C$7.52 and its 200 day moving average price is C$7.57.

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

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were issued 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 dividend payout ratio is currently 182.88%.

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.