Superior Plus (TSE:SPB) had its price objective raised by CIBC from C$13.00 to C$13.50 in a report published on Tuesday morning.
Several other brokerages also recently issued reports on SPB. Scotiabank reaffirmed a sector perform rating and set a C$13.75 price target on shares of Superior Plus in a report on Monday, October 16th. Canaccord Genuity raised Superior Plus from a hold rating to a buy rating and set a C$13.00 price target for the company in a report on Thursday, September 28th. TD Securities raised their price target on Superior Plus from C$13.00 to C$13.50 and gave the company a hold rating in a report on Friday, November 10th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$13.00 price target on shares of Superior Plus in a report on Thursday, September 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of C$13.75.
Shares of Superior Plus (SPB) traded up C$0.05 during trading on Tuesday, reaching C$11.94. The company’s stock had a trading volume of 265,072 shares, compared to its average volume of 223,727. Superior Plus has a fifty-two week low of C$10.80 and a fifty-two week high of C$13.34. The firm has a market cap of $1,700.00, a P/E ratio of -17.30 and a beta of 0.41.
The company also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 6.03%. The ex-dividend date is Thursday, December 28th. Superior Plus’s payout ratio is -104.35%.
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About Superior Plus
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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