Superior Plus Corp. (SPB) Price Target Raised to C$13.50 at TD Securities
A number of other research analysts also recently commented on SPB. Scotiabank raised their target price on shares of Superior Plus Corp. from C$13.00 to C$13.50 and gave the company a sector perform rating in a research report on Thursday, August 3rd. Canaccord Genuity raised shares of Superior Plus Corp. from a hold rating to a buy rating and set a C$13.00 target price on the stock in a research report on Thursday, September 28th. Finally, BMO Capital Markets reissued a market perform rating and set a C$13.00 target price on shares of Superior Plus Corp. in a research report on Thursday, September 28th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Superior Plus Corp. has a consensus rating of Hold and an average target price of C$13.69.
Superior Plus Corp. (TSE:SPB) opened at C$12.21 on Friday. Superior Plus Corp. has a 12 month low of C$10.80 and a 12 month high of C$13.34.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend is Wednesday, November 29th. Superior Plus Corp.’s payout ratio is currently -104.35%.
In other news, Director Patrick Edward Gottschalk acquired 30,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were purchased at an average price of C$10.19 per share, with a total value of C$305,700.00. In the last ninety days, insiders bought 32,600 shares of company stock worth $338,432.
Superior Plus Corp. Company Profile
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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