Superior Plus Corp. (SPB) Receives Buy Rating from TD Securities
TD Securities reiterated their buy rating on shares of Superior Plus Corp. (TSE:SPB) in a research report sent to investors on Monday morning. The firm currently has a C$13.50 price target on the stock.
Several other brokerages have also issued reports on SPB. Royal Bank Of Canada boosted their price target on Superior Plus Corp. from C$12.00 to C$13.00 and gave the company an outperform rating in a research note on Monday. Scotiabank reissued a sector perform rating and issued a C$12.50 price target on shares of Superior Plus Corp. in a research note on Thursday, September 1st. Cormark raised Superior Plus Corp. from a market perform rating to a buy rating in a research note on Monday, October 31st. CIBC upped their target price on Superior Plus Corp. from C$11.50 to C$12.25 in a research report on Monday, October 31st. Finally, Canaccord Genuity upped their target price on Superior Plus Corp. from C$13.00 to C$13.25 and gave the stock a buy rating in a research report on Monday, October 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$12.61.
Shares of Superior Plus Corp. (TSE:SPB) opened at 11.73 on Monday. Superior Plus Corp. has a 12 month low of $8.42 and a 12 month high of $12.23. The firm has a market capitalization of $1.68 billion and a P/E ratio of 4.73. The company has a 50 day moving average of $11.62 and a 200-day moving average of $11.35.
The firm 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. The ex-dividend date is Monday, November 28th. This represents a $0.72 annualized dividend and a dividend yield of 6.14%.
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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