Scotiabank Reiterates “Sector Perform” Rating for Superior Plus Corp. (SPB)
Superior Plus Corp. (TSE:SPB)‘s stock had its “sector perform” rating restated by investment analysts at Scotiabank in a report issued on Wednesday, StockTargetPrices.com reports. They presently have a C$12.50 target price on the stock. Scotiabank’s price target would suggest a potential upside of 8.51% from the company’s current price.
SPB has been the subject of several other research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a C$12.00 target price on shares of Superior Plus Corp. in a research report on Tuesday, July 5th. TD Securities cut their target price on Superior Plus Corp. from C$14.50 to C$14.00 and set an “action list buy” rating for the company in a research report on Monday, July 4th. Canaccord Genuity reiterated a “buy” rating and set a C$12.50 target price on shares of Superior Plus Corp. in a research report on Thursday, July 14th. CIBC reiterated a “sector perform” rating and set a C$12.00 target price on shares of Superior Plus Corp. in a research report on Wednesday, July 6th. Finally, AltaCorp Capital upgraded Superior Plus Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Superior Plus Corp. presently has an average rating of “Buy” and a consensus target price of C$12.36.
Shares of Superior Plus Corp. (TSE:SPB) traded down 1.22% during mid-day trading on Wednesday, reaching $11.38. The company’s stock had a trading volume of 279,355 shares. The company has a market cap of $1.62 billion and a PE ratio of 16.83. Superior Plus Corp. has a 52-week low of $8.42 and a 52-week high of $12.20. The company has a 50-day moving average price of $11.74 and a 200 day moving average price of $11.02.
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The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, October 27th.
Superior Plus Corp. Company Profile
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through three segments: Energy Services, Specialty Chemicals and Construction Products Distribution. Superior’s Energy Services segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and U.S.
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