Superior Plus Corp. (TSE:SPB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Superior Plus Corp. (TSE:SPB) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$9.53.

Several research firms recently weighed in on SPB. TD Securities lifted their price target on Superior Plus from C$8.00 to C$9.00 and gave the company a “hold” rating in a research report on Thursday. Desjardins dropped their price target on Superior Plus from C$10.50 to C$9.75 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Raymond James Financial dropped their price target on Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a research report on Thursday, August 14th. Finally, BMO Capital Markets lifted their price target on Superior Plus from C$8.00 to C$10.00 in a research report on Friday.

Superior Plus Trading Down 1.5%

TSE SPB opened at C$7.87 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$8.34. The firm has a market capitalization of C$1.75 billion, a PE ratio of 37.48 and a beta of 0.21. The stock’s 50 day moving average is C$7.45 and its 200 day moving average is C$7.41.

Superior Plus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 29th. Superior Plus’s payout ratio is 109.01%.

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.