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

Key Points

• Superior Plus Corp. (TSE:SPB) has received an average recommendation of "Moderate Buy" from analysts, with two hold ratings, five buy ratings, and one strong buy rating.
• The company's stock price target has been adjusted by multiple firms, with targets now ranging from C$8.00 to C$9.75.
• Superior Plus announced a quarterly dividend of $0.045 per share, resulting in an annual yield of 2.2%, despite a dividend payout ratio exceeding 100%.

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

Several research firms have recently weighed in on SPB. TD Securities decreased their price objective on Superior Plus from C$8.50 to C$8.00 and set a "hold" rating for the company in a report on Wednesday, August 13th. BMO Capital Markets decreased their price target on shares of Superior Plus from C$10.00 to C$8.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Raymond James Financial dropped their price objective on shares of Superior Plus from C$10.50 to C$10.00 and set an "outperform" rating on the stock in a research note on Thursday, August 14th. Finally, Desjardins reduced their target price on shares of Superior Plus from C$10.50 to C$9.75 and set a "buy" rating for the company in a report on Wednesday, August 13th.

Superior Plus Stock Up 0.4%

Shares of TSE SPB opened at C$8.05 on Friday. The business has a 50-day moving average price of C$7.34 and a 200 day moving average price of C$7.36. The stock has a market cap of C$1.79 billion, a PE ratio of 38.33 and a beta of 0.23. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$8.34.

Superior Plus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.18 annualized dividend and a yield of 2.2%. Superior Plus's dividend payout ratio is currently 109.01%.

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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