Superior Plus Corp. (SPB) Given Consensus Rating of “Buy” by Brokerages
Superior Plus Corp. (TSE:SPB) has been assigned a consensus rating of “Buy” from the nine analysts that are currently covering the company. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$12.46.
A number of equities analysts have recently commented on SPB shares. Scotiabank increased their price target on shares of Superior Plus Corp. from C$12.00 to C$12.25 and gave the stock a “sector perform” rating in a report on Tuesday, July 19th. CIBC decreased their price target on shares of Superior Plus Corp. from C$12.00 to C$11.50 in a report on Thursday, August 11th. TD Securities reissued an “action list buy” rating and issued a C$13.50 price target on shares of Superior Plus Corp. in a report on Thursday, August 11th. Canaccord Genuity increased their price target on shares of Superior Plus Corp. from C$12.50 to C$13.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$12.00 target price on shares of Superior Plus Corp. in a report on Friday, October 28th.
Superior Plus Corp. (TSE:SPB) opened at 11.60 on Tuesday. Superior Plus Corp. has a one year low of $8.42 and a one year high of $12.23. The stock’s 50 day moving average is $11.63 and its 200 day moving average is $11.32. The firm has a market cap of $1.66 billion and a price-to-earnings ratio of 4.68.
The company also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 15th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Monday, November 28th.
About Superior Plus Corp.
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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