Superior Plus (TSE:SPB) Price Target Raised to C$7.00

Superior Plus (TSE:SPB) had its price target raised by National Bankshares from C$6.50 to C$7.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities research analysts have also issued reports about the stock. Scotiabank decreased their target price on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. BMO Capital Markets boosted their price objective on shares of Superior Plus from C$8.00 to C$10.00 in a report on Friday, October 10th. TD Securities raised shares of Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, CIBC upgraded shares of Superior Plus from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$8.50 to C$9.00 in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$9.28.

Superior Plus Stock Performance

Shares of SPB stock opened at C$7.08 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The stock has a 50 day simple moving average of C$7.49 and a 200-day simple moving average of C$7.57. The company has a market cap of C$1.58 billion, a price-to-earnings ratio of 101.14 and a beta of 0.17. Superior Plus has a 12-month low of C$5.77 and a 12-month high of C$8.34.

Superior Plus (TSE:SPB) last posted its quarterly earnings results on Thursday, November 13th. The company reported C($0.41) earnings per share for the quarter. The business had revenue of C$470.64 million during the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%.

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were given a $0.045 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.18 annualized dividend and a dividend yield of 2.5%. Superior Plus’s dividend payout ratio is currently 182.88%.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.