Superior Plus Corp. (SPB) Receives Average Recommendation of “Hold” from Brokerages
Shares of Superior Plus Corp. (TSE:SPB) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$13.69.
A number of equities research analysts have weighed in on SPB shares. Scotiabank raised their price target on Superior Plus from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. TD Securities lowered their price target on Superior Plus from C$14.00 to C$13.00 and set a “hold” rating on the stock in a research report on Thursday, August 10th. Canaccord Genuity upgraded Superior Plus from a “hold” rating to a “buy” rating and set a C$13.00 price target on the stock in a research report on Thursday, September 28th. BMO Capital Markets restated a “market perform” rating and set a C$13.00 price target on shares of Superior Plus in a research report on Thursday, September 28th. Finally, CIBC lowered their price target on Superior Plus from C$13.50 to C$13.00 in a research report on Monday, November 13th.
In related news, Director Patrick Edward Gottschalk acquired 30,000 shares of Superior Plus stock in a transaction dated Friday, September 29th. The shares were purchased at an average cost of C$10.19 per share, with a total value of C$305,700.00. Insiders have bought 32,600 shares of company stock worth $338,432 over the last ninety days.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.85%. Superior Plus’s dividend payout ratio (DPR) is currently -104.35%.
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Superior Plus 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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