Superior Plus Corp. (SPB) Price Target Raised to C$13.50
SPB has been the subject of several other research reports. BMO Capital Markets reiterated a market perform rating and issued a C$13.00 price target on shares of Superior Plus Corp. in a report on Thursday, September 28th. Scotiabank upped their price target on shares of Superior Plus Corp. from C$13.75 to C$14.00 and gave the company a sector perform rating in a report on Thursday. Finally, Canaccord Genuity upgraded shares of Superior Plus Corp. from a hold rating to a buy rating and set a C$13.00 price target for the company in a report on Thursday, September 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of C$13.75.
Superior Plus Corp. (SPB) opened at C$12.48 on Friday. Superior Plus Corp. has a 1-year low of C$10.80 and a 1-year high of C$13.34.
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The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 5.77%. The ex-dividend date is Wednesday, November 29th. Superior Plus Corp.’s payout ratio is -104.35%.
In other Superior Plus Corp. news, Director Patrick Edward Gottschalk bought 30,000 shares of Superior Plus Corp. stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average price of C$10.19 per share, for a total transaction of C$305,700.00.
About Superior Plus Corp.
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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