Superior Plus Corp. (SPB) PT Raised to C$13.00
Superior Plus Corp. (TSE:SPB) had its target price raised by equities research analysts at Royal Bank Of Canada from C$12.00 to C$13.00 in a research note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 9.80% from the company’s previous close.
SPB has been the subject of several other reports. Scotiabank reiterated a “sector perform” rating and set a C$12.50 target price on shares of Superior Plus Corp. in a research report on Wednesday, September 21st. Canaccord Genuity lifted their price objective on Superior Plus Corp. from C$13.00 to C$13.25 and gave the company a “buy” rating in a report on Monday, October 31st. CIBC lifted their price objective on Superior Plus Corp. from C$11.50 to C$12.25 in a report on Monday, October 31st. Cormark upgraded Superior Plus Corp. from a “market perform” rating to a “buy” rating in a report on Monday, October 31st. Finally, TD Securities decreased their price objective on Superior Plus Corp. from C$14.00 to C$13.50 and set a “buy” rating for the company in a report on Monday, October 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Superior Plus Corp. presently has an average rating of “Buy” and a consensus price target of C$12.61.
Shares of Superior Plus Corp. (TSE:SPB) opened at 11.84 on Monday. The stock’s 50 day moving average is $11.62 and its 200-day moving average is $11.35. Superior Plus Corp. has a one year low of $8.42 and a one year high of $12.23. The stock has a market cap of $1.69 billion and a P/E ratio of 4.77.
The company also recently announced 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 dividend on an annualized basis and a yield of 6.08%.
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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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