Brokerages Set Superior Plus Corp. (TSE:SPB) PT at C$9.95

Shares of Superior Plus Corp. (TSE:SPB - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation 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$9.95.

Several research firms have issued reports on SPB. National Bankshares upped their price target on shares of Superior Plus from C$6.50 to C$7.50 and gave the stock a "sector perform" rating in a research report on Thursday, April 3rd. ATB Capital upped their price objective on shares of Superior Plus from C$10.00 to C$11.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Scotiabank upgraded shares of Superior Plus from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$7.50 to C$9.50 in a research note on Monday, April 7th. Desjardins upped their price objective on shares of Superior Plus from C$9.25 to C$10.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, CIBC increased their target price on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock an "outperform" rating in a report on Thursday, April 3rd.

Superior Plus Trading Down 1.0%

Shares of TSE:SPB traded down C$0.07 during trading on Tuesday, hitting C$6.95. 243,860 shares of the company's stock were exchanged, compared to its average volume of 843,274. The firm has a 50-day moving average price of C$7.91 and a two-hundred day moving average price of C$6.98. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$8.34. The firm has a market cap of C$1.17 billion, a P/E ratio of 25.55 and a beta of 0.76. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35.

Superior Plus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were paid a $0.045 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.18 annualized dividend and a dividend yield of 2.59%. Superior Plus's dividend payout ratio is currently 264.73%.

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.