Superior Plus Corp. (SPB) Given Average Rating of “Hold” by Brokerages

Superior Plus Corp. (TSE:SPB) has earned an average rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$13.75.

Several equities analysts recently commented on the stock. Canaccord Genuity upgraded shares of Superior Plus from a “hold” rating to a “buy” rating and set a C$13.00 price target on the stock in a research note on Thursday, September 28th. Scotiabank restated a “sector perform” rating and issued a C$13.75 price target on shares of Superior Plus in a research note on Thursday, September 28th. BMO Capital Markets restated a “market perform” rating and issued a C$13.00 price target on shares of Superior Plus in a research note on Thursday, September 28th. TD Securities upped their price target on shares of Superior Plus from C$13.00 to C$13.50 and gave the company a “hold” rating in a research note on Friday, November 10th. Finally, CIBC decreased their price target on shares of Superior Plus from C$13.50 to C$13.00 in a research note on Monday, November 13th.

Shares of Superior Plus (TSE:SPB) traded up C$0.08 on Monday, hitting C$12.03. 202,504 shares of the stock traded hands, compared to its average volume of 226,826. The company has a market capitalization of $1,720.00, a price-to-earnings ratio of -17.43 and a beta of 0.41. Superior Plus has a 52 week low of C$10.80 and a 52 week high of C$13.34.

The business also recently declared a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be paid a $0.06 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.99%. Superior Plus’s payout ratio 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.

Analyst Recommendations for Superior Plus (TSE:SPB)

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