Superior Plus Corp. (TSE:SPB) Receives C$7.80 Consensus Price Target from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have received an average rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$7.80.

SPB has been the topic of several analyst reports. Desjardins lowered shares of Superior Plus from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$8.75 to C$7.00 in a research report on Monday, February 23rd. Royal Bank Of Canada lowered their price objective on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Raymond James Financial cut Superior Plus from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$9.75 to C$8.50 in a research note on Monday, February 23rd. BMO Capital Markets downgraded Superior Plus from an “outperform” rating to a “hold” rating and reduced their target price for the company from C$9.00 to C$8.00 in a report on Friday, February 20th. Finally, Scotiabank lowered Superior Plus from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$8.50 to C$6.50 in a research note on Monday, February 23rd.

Superior Plus Stock Down 1.5%

SPB stock opened at C$6.71 on Friday. Superior Plus has a 52 week low of C$6.06 and a 52 week high of C$8.34. The business has a 50-day simple moving average of C$7.00 and a 200 day simple moving average of C$7.32. 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 company has a market cap of C$1.47 billion, a PE ratio of 26.84 and a beta of 0.30.

Superior Plus (TSE:SPB) last released its earnings results on Thursday, February 19th. The company reported C$0.37 EPS for the quarter. The firm had revenue of C($3.43) million for the quarter. Superior Plus had a net margin of 2.86% and a return on equity of 8.15%.

Superior Plus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.18 annualized dividend and a yield of 2.7%. Superior Plus’s dividend payout ratio (DPR) is 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.