Shares of Superior Plus Corp. (TSE:SPB) have received an average rating of “Buy” from the twelve analysts that are currently covering the firm, reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$14.50.

SPB has been the subject of a number of recent research reports. Desjardins reduced their price target on Superior Plus from C$15.00 to C$14.00 in a research report on Wednesday, January 16th. Cormark cut their price objective on Superior Plus from C$16.00 to C$15.00 in a report on Tuesday, February 12th. Canaccord Genuity cut their price objective on Superior Plus from C$13.75 to C$13.50 in a report on Tuesday, February 19th. National Bank Financial increased their price objective on Superior Plus from C$14.00 to C$14.50 and gave the company an “outperform” rating in a report on Thursday, March 21st. Finally, Raymond James reissued an “outperform” rating and issued a C$14.50 price objective on shares of Superior Plus in a report on Wednesday, February 20th.

TSE:SPB traded down C$0.06 during trading hours on Wednesday, reaching C$11.41. 142,358 shares of the stock were exchanged, compared to its average volume of 612,506. Superior Plus has a twelve month low of C$9.17 and a twelve month high of C$13.56. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 170.25. The company has a market cap of $2.01 billion and a P/E ratio of -53.07.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Thursday, February 14th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The business had revenue of C$887.00 million during the quarter, compared to analysts’ expectations of C$857.00 million. As a group, analysts anticipate that Superior Plus will post 0.8 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend is Monday, April 29th. Superior Plus’s payout ratio is presently -334.88%.

Superior Plus Company Profile

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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