Superior Plus (SPB) Price Target Raised to C$13.50

Superior Plus (TSE:SPB) had its target price lifted by Canaccord Genuity from C$13.25 to C$13.50 in a report released on Friday morning.

Several other equities research analysts have also weighed in on SPB. CIBC lifted their price target on Superior Plus from C$13.00 to C$13.50 in a research report on Tuesday, January 9th. National Bank Financial dropped their price target on Superior Plus from C$15.00 to C$14.00 and set an outperform rating on the stock in a research report on Monday, January 29th. Desjardins restated a buy rating and set a C$15.00 price target on shares of Superior Plus in a research report on Tuesday, February 6th. TD Securities upgraded Superior Plus from a hold rating to a buy rating and lifted their price target for the company from C$14.00 to C$15.00 in a research report on Thursday, February 15th. Finally, Scotiabank set a C$14.00 price target on Superior Plus and gave the company a sector perform rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average target price of C$14.00.

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Shares of SPB stock opened at C$12.91 on Friday. Superior Plus has a fifty-two week low of C$10.80 and a fifty-two week high of C$13.34.

Superior Plus (TSE:SPB) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.25 by C$0.07. Superior Plus had a return on equity of 23.78% and a net margin of 5.89%. The firm had revenue of C$768.90 million for the quarter, compared to analyst estimates of C$732.00 million.

The company also recently declared a monthly dividend, which will be paid on Friday, April 13th. Investors of record on Saturday, March 31st will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.72 annualized dividend and a dividend yield of 5.58%.

In other news, Director Patrick Edward Gottschalk purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 5th. The shares were bought at an average cost of C$10.08 per share, for a total transaction of C$201,600.00.

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About Superior Plus

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

Analyst Recommendations for Superior Plus (TSE:SPB)

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