TD Securities Increases Superior Plus Price Target to C$13.50 (SPB)
TD Securities upped their price target on shares of Superior Plus (TSE:SPB) from C$12.00 to C$13.50 in a research note issued on Friday, AmericanBankingNews.com reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 8.09% from the stock’s previous close.
A number of other analysts have also recently weighed in on SPB. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Superior Plus in a research note on Thursday. Finally, analysts at CIBC reiterated a “sector perform” rating on shares of Superior Plus in a research note on Friday, January 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Superior Plus presently has a consensus rating of “Hold” and an average price target of C$13.25.
Superior Plus (TSE:SPB) traded down 0.60% during mid-day trading on Friday, hitting $12.415. The stock had a trading volume of 163,674 shares. Superior Plus has a one year low of $10.30 and a one year high of $13.15. The stock’s 50-day moving average is $12.28 and its 200-day moving average is $11.50. The company has a market cap of $1.567 billion and a P/E ratio of 26.02.
The company also recently announced a dividend, which is scheduled for Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.045 per share. The ex-dividend date is Wednesday, February 26th.
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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