Superior Plus Corp. (SPB) PT Raised to C$12.50 at Scotiabank
Superior Plus Corp. (TSE:SPB) had its price target hoisted by equities researchers at Scotiabank from C$12.25 to C$12.50 in a report released on Wednesday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 4.17% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. TD Securities reaffirmed an “action list buy” rating and set a C$13.50 target price on shares of Superior Plus Corp. in a research note on Thursday, August 11th. Canaccord Genuity upped their target price on Superior Plus Corp. from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. CIBC cut their target price on Superior Plus Corp. from C$12.00 to C$11.50 in a research note on Thursday, August 11th. Cormark raised Superior Plus Corp. from a “market perform” rating to a “buy” rating in a research note on Monday, October 31st. Finally, Royal Bank Of Canada raised their price objective on Superior Plus Corp. from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$12.64.
Shares of Superior Plus Corp. (TSE:SPB) opened at 12.00 on Wednesday. The company has a market cap of $1.71 billion and a price-to-earnings ratio of 4.84. The firm has a 50 day moving average price of $11.64 and a 200-day moving average price of $11.36. Superior Plus Corp. has a 12-month low of $8.42 and a 12-month high of $12.23.
The business also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, November 28th. This represents a $0.72 annualized dividend and a yield of 6.00%.
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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