Royal Bank of Canada reissued their sector perform rating on shares of Superior Plus (TSE:SPB) in a report released on Monday morning, Stock Target Advisor reports. The firm currently has a C$15.00 price target on the stock.

SPB has been the subject of several other reports. Canaccord Genuity downgraded shares of Superior Plus from a buy rating to a hold rating in a report on Friday, February 19th. BMO Capital Markets lifted their target price on shares of Superior Plus from C$12.00 to C$12.50 and gave the company a na rating in a research note on Monday, February 22nd. Atb Cap Markets lowered Superior Plus from an outperform rating to a sector perform rating in a research report on Sunday, February 21st. ATB Capital lifted their price objective on Superior Plus from C$14.00 to C$14.50 and gave the company a sector perform rating in a research report on Monday, February 22nd. Finally, Scotiabank boosted their price objective on Superior Plus from C$13.00 to C$15.00 in a research note on Friday, February 19th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of C$14.67.

Superior Plus stock opened at C$14.39 on Monday. The business has a 50 day simple moving average of C$13.88 and a 200 day simple moving average of C$12.68. The company has a debt-to-equity ratio of 142.83, a current ratio of 1.04 and a quick ratio of 0.64. The company has a market capitalization of C$2.53 billion and a PE ratio of 33.70. Superior Plus has a one year low of C$8.34 and a one year high of C$14.53.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, February 18th. The company reported C$0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.32 by C$0.11. The company had revenue of C$703.90 million for the quarter, compared to analyst estimates of C$770.50 million. Equities analysts anticipate that Superior Plus will post 0.73 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $0.72 annualized dividend and a dividend yield of 5.00%. Superior Plus’s dividend payout ratio (DPR) is currently 168.62%.

In other news, Senior Officer Gregory Lorne Mccamus sold 14,500 shares of the firm’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of C$13.85, for a total value of C$200,762.65. Following the transaction, the insider now owns 29,104 shares of the company’s stock, valued at approximately C$402,965.25. Also, Senior Officer Elizabeth Summers bought 2,200 shares of the company’s stock in a transaction on Monday, February 22nd. The shares were acquired at an average price of C$13.25 per share, with a total value of C$29,150.00. Following the transaction, the insider now directly owns 28,403 shares in the company, valued at approximately C$376,339.75.

About Superior Plus

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. It operates through three segments: Canadian Propane Distribution, United States (U.S.) Propane Distribution, and Specialty Chemicals. The Canadian Propane Distribution segment engages in the propane and natural gas liquid marketing wholesale business in Canada and California.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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