Superior Plus Corp. (TSE:SPB) Receives C$7.80 Consensus Price Target from Brokerages

Shares of Superior Plus Corp. (TSE:SPB) have received an average rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$7.80.

Several research firms recently issued reports on SPB. TD Securities lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Raymond James Financial cut Superior Plus from a “moderate buy” rating to a “hold” rating and lowered their price target for the company from C$9.75 to C$8.50 in a report on Monday, February 23rd. National Bank Financial dropped their price target on Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a research report on Monday, February 23rd. BMO Capital Markets lowered Superior Plus from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$9.00 to C$8.00 in a report on Friday, February 20th. Finally, Stifel Nicolaus decreased their price objective on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd.

Superior Plus Stock Performance

Shares of SPB opened at C$6.53 on Friday. The business has a 50-day moving average of C$6.96 and a 200 day moving average of C$7.30. Superior Plus has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.34. The firm has a market cap of C$1.43 billion, a P/E ratio of 26.12 and a beta of 0.30. The company has a debt-to-equity ratio of 244.09, a quick ratio of 0.46 and a current ratio of 0.95.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$0.37 EPS for the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%. The company had revenue of C($3.43) million for the quarter.

Superior Plus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, March 31st. Superior Plus’s dividend payout ratio (DPR) is presently 51.81%.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.