Analysts Set Superior Plus Corp. (TSE:SPB) Target Price at C$15.95

Superior Plus Corp. (TSE:SPB) has received an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$15.95.

SPB has been the topic of several research reports. CIBC boosted their target price on Superior Plus from C$15.00 to C$16.00 and gave the company a “neutral” rating in a research note on Friday, August 13th. Raymond James reiterated an “outperform” rating and issued a C$17.25 price target on shares of Superior Plus in a research report on Monday, August 16th. Cormark set a C$15.71 price target on Superior Plus in a research report on Monday, July 26th. Canaccord Genuity lifted their price target on Superior Plus from C$16.50 to C$17.00 in a research report on Friday, August 13th. Finally, Scotiabank lifted their price target on Superior Plus from C$15.00 to C$16.00 in a research report on Friday, July 16th.

Superior Plus stock traded up C$0.05 during mid-day trading on Wednesday, reaching C$14.34. 714,509 shares of the company’s stock were exchanged, compared to its average volume of 506,330. The business’s fifty day simple moving average is C$15.10 and its 200 day simple moving average is C$15.02. The firm has a market capitalization of C$2.52 billion and a PE ratio of 10.55. Superior Plus has a one year low of C$11.30 and a one year high of C$16.24. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 105.01.

Superior Plus (TSE:SPB) last issued its earnings results on Wednesday, August 11th. The company reported C($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.21) by C($0.03). The business had revenue of C$365.60 million during the quarter, compared to analysts’ expectations of C$343.33 million. On average, sell-side analysts forecast that Superior Plus will post 0.82 earnings per share for the current year.

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 15th. Investors of record on Tuesday, August 31st were given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 5.02%. The ex-dividend date was Monday, August 30th. Superior Plus’s payout ratio is 53.18%.

In other news, Senior Officer Inder Zora Minhas sold 3,800 shares of the business’s stock in a transaction dated Friday, August 13th. The stock was sold at an average price of C$15.81, for a total value of C$60,078.00. Following the completion of the sale, the insider now owns 15,200 shares of the company’s stock, valued at approximately C$240,312. Also, insider Marquard & Bahls AG bought 30,000 shares of the stock in a transaction dated Wednesday, July 28th. The stock was bought at an average cost of C$15.69 per share, with a total value of C$470,568.00. Following the purchase, the insider now owns 33,517,829 shares in the company, valued at approximately C$525,747,258.56.

About Superior Plus

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. It operates through three segments: Canadian Propane Distribution, United States (U.S.) Propane Distribution, and Specialty Chemicals. The Canadian Propane Distribution segment engages in the propane and natural gas liquid marketing wholesale business in Canada and California.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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