Superior Plus Corp. (TSE:SPB) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Superior Plus Corp. has received an average rating of "Moderate Buy" from eight brokerages, with five analysts recommending a buy, two a hold, and one a strong buy.
• Recent analyst revisions have lowered price targets for Superior Plus, with the highest now set at C$10.00, down from previous estimates of C$10.50.
• The company announced a quarterly dividend of $0.045 per share, yielding 2.6%, with a notably high payout ratio of 264.73%.

Superior Plus Corp. (TSE:SPB - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$9.16.

SPB has been the subject of several recent analyst reports. Raymond James Financial lowered their price target on Superior Plus from C$10.50 to C$10.00 and set an "outperform" rating for the company in a report on Thursday. BMO Capital Markets lowered their price target on Superior Plus from C$10.00 to C$8.00 and set an "outperform" rating for the company in a report on Wednesday. TD Securities lowered their price target on Superior Plus from C$8.50 to C$8.00 and set a "hold" rating for the company in a report on Wednesday. Finally, Desjardins decreased their target price on Superior Plus from C$10.50 to C$9.75 and set a "buy" rating for the company in a report on Wednesday.

Superior Plus Price Performance

SPB opened at C$6.91 on Friday. The business's 50-day moving average is C$7.59 and its two-hundred day moving average is C$7.05. Superior Plus has a 1 year low of C$5.15 and a 1 year high of C$8.34. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The firm has a market capitalization of C$1.16 billion, a PE ratio of 25.41 and a beta of 0.76.

Superior Plus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.6%. Superior Plus's payout ratio is 264.73%.

Superior Plus Company Profile

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.

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