Superior Plus Corp. (TSE:SPB) Receives Consensus Rating of "Moderate Buy" from Analysts

Superior Plus Corp. (TSE:SPB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$10.05.

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

Superior Plus Trading Up 0.1%

TSE:SPB traded up C$0.01 during trading hours on Friday, reaching C$7.98. 321,212 shares of the stock were exchanged, compared to its average volume of 859,287. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The company has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 29.34 and a beta of 0.76. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$8.83. The business has a 50-day moving average of C$7.61 and a two-hundred day moving average of C$6.80.

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, June 30th. Superior Plus's dividend payout ratio is presently 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.