Superior Plus Corp. (SPB) Rating Reiterated by Scotiabank
Several other equities analysts have also recently issued reports on the stock. AltaCorp Capital raised shares of Superior Plus Corp. from a sector perform rating to an outperform rating in a research note on Wednesday, July 6th. Royal Bank Of Canada reissued an outperform rating and issued a C$12.00 price objective on shares of Superior Plus Corp. in a research note on Tuesday, July 5th. Canaccord Genuity boosted their price objective on shares of 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. TD Securities reissued an action list buy rating and issued a C$13.50 price objective on shares of Superior Plus Corp. in a research note on Thursday, August 11th. Finally, CIBC reaffirmed a sector perform rating and set a C$12.00 price target on shares of Superior Plus Corp. in a research note on Wednesday, July 6th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of C$12.36.
Shares of Superior Plus Corp. (TSE:SPB) opened at 11.57 on Wednesday. The firm has a market capitalization of $1.65 billion and a PE ratio of 17.12. Superior Plus Corp. has a 52-week low of $8.42 and a 52-week high of $12.20. The company’s 50-day moving average is $11.68 and its 200 day moving average is $11.08.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be given a $0.06 dividend. The ex-dividend date is Thursday, October 27th. This represents a $0.72 annualized dividend and a dividend yield of 6.22%.
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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