Analysts Set Superior Plus Corp. (TSE:SPB) PT at C$9.28

Superior Plus Corp. (TSE:SPB) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$9.28.

SPB has been the subject of several analyst reports. National Bankshares boosted their target price on Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$8.50 to C$9.00 in a research note on Wednesday, December 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 research note on Monday, November 17th. Finally, Scotiabank cut their target price on shares of Superior Plus from C$10.00 to C$8.50 in a report on Monday, November 17th.

Superior Plus Stock Performance

Shares of Superior Plus stock opened at C$7.08 on Friday. The firm has a fifty day moving average of C$7.49 and a two-hundred day moving average of C$7.56. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The stock has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 101.14 and a beta of 0.17. Superior Plus has a 52 week low of C$5.77 and a 52 week high of C$8.34.

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

Superior Plus Dividend Announcement

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

About Superior Plus

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.