Superior Plus (SPB) Price Target Cut to C$15.00 by Analysts at Cormark

Superior Plus (TSE:SPB) had its price target cut by Cormark from C$16.00 to C$15.00 in a report released on Tuesday.

Other research analysts have also recently issued research reports about the company. Desjardins reduced their price objective on Superior Plus from C$15.00 to C$14.00 in a research note on Wednesday, January 16th. CIBC reduced their price objective on Superior Plus from C$15.00 to C$14.50 in a research note on Friday, November 9th. Raymond James reduced their price objective on Superior Plus from C$15.00 to C$14.50 in a research note on Wednesday, October 24th. TD Securities upgraded Superior Plus from a buy rating to an action list buy rating and set a C$16.00 price objective on the stock in a research note on Wednesday, November 28th. Finally, National Bank Financial dropped their target price on Superior Plus from C$15.00 to C$14.00 and set an outperform rating on the stock in a research report on Wednesday, January 23rd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Superior Plus currently has a consensus rating of Buy and a consensus price target of C$14.48.

Shares of SPB opened at C$11.39 on Tuesday. The stock has a market cap of $1.92 billion and a price-to-earnings ratio of 29.51. Superior Plus has a 12 month low of C$9.17 and a 12 month high of C$13.56. The company has a debt-to-equity ratio of 154.23, a quick ratio of 0.61 and a current ratio of 0.97.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 6.32%. The ex-dividend date is Wednesday, February 27th. Superior Plus’s dividend payout ratio is currently 186.53%.

In other news, insider John Engelen acquired 3,000 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was purchased at an average cost of C$10.55 per share, with a total value of C$31,650.00. Over the last three months, insiders purchased 6,300 shares of company stock valued at $64,819.

About Superior Plus

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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