Scotiabank Reiterates “Sector Perform” Rating for Superior Plus Corp. (SPB)
Superior Plus Corp. (TSE:SPB)‘s stock had its “sector perform” rating reiterated by equities researchers at Scotiabank in a report issued on Wednesday. They currently have a C$12.50 price target on the stock. Scotiabank’s price target suggests a potential upside of 8.51% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Royal Bank Of Canada reissued an “outperform” rating and set a C$12.00 price objective on shares of Superior Plus Corp. in a report on Tuesday, July 5th. TD Securities cut their price objective on Superior Plus Corp. from C$14.50 to C$14.00 and set an “action list buy” rating for the company in a report on Monday, July 4th. Canaccord Genuity reissued a “buy” rating and set a C$12.50 price objective on shares of Superior Plus Corp. in a report on Thursday, July 14th. CIBC reissued a “sector perform” rating and set a C$12.00 price objective on shares of Superior Plus Corp. in a report on Wednesday, July 6th. Finally, AltaCorp Capital raised Superior Plus Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$12.36.
Shares of Superior Plus Corp. (TSE:SPB) traded down 1.22% on Wednesday, reaching $11.38. 279,355 shares of the company were exchanged. Superior Plus Corp. has a 12-month low of $8.42 and a 12-month high of $12.20. The stock’s 50-day moving average is $11.74 and its 200 day moving average is $11.02. The firm has a market capitalization of $1.62 billion and a PE ratio of 16.83.
The company also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be given a $0.06 dividend. The ex-dividend date is Thursday, October 27th. This represents a $0.72 dividend on an annualized basis and a yield of 6.25%.
Superior Plus Corp. Company Profile
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through three segments: Energy Services, Specialty Chemicals and Construction Products Distribution. Superior’s Energy Services segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and U.S.
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