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

Superior Plus Corp. (TSE:SPB) has been assigned a consensus rating of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$14.73.

A number of equities research analysts have weighed in on the stock. Raymond James cut their price target on shares of Superior Plus from C$15.00 to C$14.50 in a report on Wednesday, October 24th. CIBC cut their price target on shares of Superior Plus from C$15.00 to C$14.50 in a report on Friday. Finally, Canaccord Genuity boosted their price objective on Superior Plus from C$13.50 to C$13.75 in a report on Wednesday, August 15th.

TSE SPB traded down C$0.51 on Friday, reaching C$11.17. The company’s stock had a trading volume of 934,900 shares, compared to its average volume of 382,858. Superior Plus has a twelve month low of C$11.15 and a twelve month high of C$13.56. The company has a debt-to-equity ratio of 102.60, a current ratio of 0.98 and a quick ratio of 0.33.

Superior Plus (TSE:SPB) last issued its quarterly earnings results on Wednesday, August 8th. The company reported C$0.08 earnings per share for the quarter. The business had revenue of C$483.10 million during the quarter. Equities analysts predict that Superior Plus will post 0.899999984589041 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.72 annualized dividend and a yield of 6.45%. Superior Plus’s payout ratio is presently -483.22%.

Superior Plus Company Profile

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.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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