Superior Plus Corp. (TSE:SPB) Given Average Recommendation of “Hold” by Analysts

Superior Plus Corp. (TSE:SPB) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$8.39.

Several equities analysts have recently commented on the stock. ATB Cormark Capital Markets increased their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Raymond James Financial cut shares of Superior Plus from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from C$9.75 to C$8.50 in a research report on Monday, February 23rd. Stifel Nicolaus increased their price target on shares of Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank increased their price target on shares of Superior Plus from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Finally, National Bank Financial increased their price target on shares of Superior Plus from C$6.00 to C$7.50 and gave the stock a “sector perform” rating in a research report on Friday, May 15th.

Insider Transactions at Superior Plus

In other Superior Plus news, insider Dale Alan Winger bought 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of C$7.65 per share, with a total value of C$76,500.00. Following the completion of the acquisition, the insider directly owned 41,000 shares of the company’s stock, valued at approximately C$313,650. The trade was a 32.26% increase in their position. 0.54% of the stock is owned by corporate insiders.

Superior Plus Price Performance

Shares of Superior Plus stock opened at C$7.81 on Monday. The business has a 50-day moving average of C$7.03 and a 200-day moving average of C$7.13. The company has a debt-to-equity ratio of 193.28, a current ratio of 1.22 and a quick ratio of 0.46. The company has a market capitalization of C$1.68 billion, a PE ratio of 37.19 and a beta of 0.29. Superior Plus has a 1-year low of C$6.06 and a 1-year high of C$8.34.

Superior Plus (TSE:SPB) last announced its earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a return on equity of 4.59% and a net margin of 1.69%.The company had revenue of C$1.25 billion during the quarter.

Superior Plus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 2.3%. Superior Plus’s dividend payout ratio (DPR) is currently 62.09%.

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.