Brokerages Set Superior Plus Corp. (TSE:SPB) Price Target at C$7.77

Shares of Superior Plus Corp. (TSE:SPB) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$7.82.

Several research firms recently weighed in on SPB. ATB Cormark Capital Markets upped their price target on Superior Plus from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday. TD upped their price target on Superior Plus from C$7.00 to C$7.50 and gave the company a “hold” rating in a research report on Tuesday, April 21st. National Bank Financial dropped their price target on Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating on the stock in a research report on Monday, February 23rd. Royal Bank Of Canada dropped their price target on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Finally, Stifel Nicolaus dropped their target price on Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd.

Superior Plus Stock Performance

Shares of TSE SPB opened at C$7.42 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.95 and a debt-to-equity ratio of 244.09. The stock has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 29.68 and a beta of 0.21. The stock’s fifty day simple moving average is C$6.77 and its 200 day simple moving average is C$7.19. Superior Plus has a 52-week low of C$6.06 and a 52-week high of C$8.34.

Superior Plus (TSE:SPB) last issued its earnings results on Thursday, February 19th. The company reported C$0.37 earnings per share (EPS) for the quarter. The business had revenue of C($3.43) million for the quarter. Superior Plus had a return on equity of 6.95% and a net margin of 2.49%.

Superior Plus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Superior Plus’s dividend payout ratio is presently 51.81%.

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.