Superior Plus Downgraded by Scotiabank to Sector Perform (SPB)
Superior Plus (TSE:SPB) was downgraded by analysts at Scotiabank to a “sector perform” rating in a research report issued to clients and investors on Friday, StockRatingsNetwork reports.
SPB has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a “sector perform” rating on shares of Superior Plus in a research note to investors on Friday. Separately, analysts at BMO Capital Markets raised their price target on shares of Superior Plus from C$11.75 to C$12.25 in a research note to investors on Tuesday, December 3rd. They now have a “market perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$12.75.
Superior Plus (TSE:SPB) traded down 2.17% on Friday, hitting $12.19. The stock had a trading volume of 370,646 shares. Superior Plus has a 52 week low of $10.20 and a 52 week high of $13.15. The stock’s 50-day moving average is $11.85 and its 200-day moving average is $11.55. The company has a market cap of $1.538 billion and a P/E ratio of 25.96.
The company also recently declared a jan 14 dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of 0.05 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 29th.
Superior Plus Corp. is a diversified business company. It holds 100% of Superior plus LP (TSE:SPB), a limited partnership formed between Superior General partner Inc, as general partner and it as limited partner.
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