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

Shares of Superior Plus Corp. (TSE:SPB) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$9.28.

A number of research firms recently issued reports on SPB. Scotiabank lowered their target price on Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$8.50 to C$9.00 in a research note on Wednesday. BMO Capital Markets upped their price target on shares of Superior Plus from C$8.00 to C$10.00 in a report on Friday, October 10th. National Bankshares raised their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, TD Securities raised shares of Superior Plus from a “hold” rating to a “buy” rating in a research report on Monday, November 17th.

Superior Plus Stock Performance

Shares of Superior Plus stock opened at C$7.16 on Friday. The stock’s fifty day simple moving average is C$7.51 and its 200 day simple moving average is C$7.57. 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 company has a market capitalization of C$1.60 billion, a PE ratio of 102.29 and a beta of 0.17. Superior Plus has a 12 month low of C$5.77 and a 12 month high of C$8.34.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Thursday, November 13th. The company reported C($0.41) earnings per share (EPS) 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 company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 29th. Superior Plus’s payout ratio is 182.88%.

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.