Brokerages Set Superior Plus Corp. (TSE:SPB) Target Price at C$12.69

Shares of Superior Plus Corp. (TSE:SPB) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$12.69.

A number of equities research analysts recently commented on the stock. Raymond James cut shares of Superior Plus from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$12.50 to C$11.50 in a research report on Thursday, January 4th. Scotiabank lowered their price objective on Superior Plus from C$12.75 to C$12.00 and set a “sector perform” rating for the company in a research report on Friday, February 23rd. CIBC reduced their target price on Superior Plus from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Finally, TD Securities lowered their price target on Superior Plus from C$13.50 to C$13.00 and set a “buy” rating for the company in a report on Friday, February 23rd.

Insider Buying and Selling at Superior Plus

In other news, Director Allan Angus Macdonald bought 53,022 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was purchased at an average cost of C$9.45 per share, with a total value of C$500,983.67. 0.49% of the stock is owned by corporate insiders.

Superior Plus Trading Up 1.5 %

Shares of TSE:SPB opened at C$9.47 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.46 and a debt-to-equity ratio of 140.14. The company has a market capitalization of C$2.35 billion, a PE ratio of 41.17 and a beta of 0.80. Superior Plus has a 12-month low of C$9.05 and a 12-month high of C$10.90. The business’s fifty day simple moving average is C$9.67 and its 200-day simple moving average is C$9.65.

Superior Plus (TSE:SPB) last announced its earnings results on Wednesday, February 21st. The company reported C$0.27 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.04). Superior Plus had a return on equity of 4.77% and a net margin of 1.54%. The firm had revenue of C$985.80 million during the quarter, compared to the consensus estimate of C$1.21 billion. As a group, equities research analysts predict that Superior Plus will post 0.3863354 earnings per share for the current fiscal year.

Superior Plus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 7.60%. The ex-dividend date of this dividend was Wednesday, March 27th. Superior Plus’s payout ratio is 313.04%.

Superior Plus Company Profile

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.