Brokerages Set Superior Plus Corp. (TSE:SPB) Price Target at C$8.48

Shares of Superior Plus Corp. (TSE:SPB) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$8.48.

A number of equities research analysts have commented on SPB shares. TD increased their target price on Superior Plus from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce upgraded Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. BMO Capital Markets cut Superior Plus from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$9.00 to C$8.00 in a report on Friday, February 20th. TD Securities downgraded Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, National Bank Financial lifted their price objective on Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Monday, June 1st.

Superior Plus Price Performance

Shares of TSE:SPB opened at C$8.20 on Friday. The business’s fifty day moving average price is C$7.58 and its two-hundred day moving average price is C$7.24. The stock has a market cap of C$1.76 billion, a PE ratio of 39.05 and a beta of 0.30. The company has a debt-to-equity ratio of 193.28, a quick ratio of 0.46 and a current ratio of 1.22. Superior Plus has a one year low of C$6.06 and a one year high of C$8.86.

Superior Plus (TSE:SPB) last announced its earnings results on Wednesday, May 13th. The company reported C$0.94 EPS for the quarter. The firm had revenue of C$1.25 billion for the quarter. Superior Plus had a return on equity of 5.20% and a net margin of 2.01%.

Superior Plus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.2%. Superior Plus’s payout ratio is currently 62.09%.

Insider Activity at Superior Plus

In other news, insider Dale Alan Winger bought 3,000 shares of Superior Plus stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of C$8.38 per share, for a total transaction of C$25,140.00. Following the completion of the acquisition, the insider owned 48,000 shares of the company’s stock, valued at C$402,240. The trade was a 6.67% increase in their ownership of the stock. Insiders acquired a total of 15,000 shares of company stock valued at $118,360 over the last ninety days. 0.54% of the stock is owned by insiders.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.