Superior Plus Corp. (TSE:SPB) Receives C$9.16 Consensus Target Price from Analysts

Key Points

• Superior Plus Corp. has received a consensus recommendation of "Moderate Buy" from eight analysts, with five analysts rating it as a buy and one as a strong buy.
• The average twelve-month price target for Superior Plus shares is C$9.16, while recent analyst reports have adjusted price targets lower, with TD Securities setting it at C$8.00.
• The company announced a quarterly dividend of $0.045 per share, representing an annualized yield of 2.4%, with a staggering dividend payout ratio of 363.82%.

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

SPB has been the subject of several recent research reports. BMO Capital Markets reduced their target price on shares of Superior Plus from C$10.00 to C$8.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Raymond James Financial reduced their target price on shares of Superior Plus from C$10.50 to C$10.00 and set an "outperform" rating for the company in a report on Thursday, August 14th. 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. Finally, TD Securities reduced their target price on shares of 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.

Superior Plus Stock Performance

Shares of TSE SPB traded up C$0.01 during midday trading on Wednesday, reaching C$7.58. The company had a trading volume of 429,878 shares, compared to its average volume of 811,141. The business's 50-day simple moving average is C$7.31 and its 200 day simple moving average is C$7.24. The stock has a market cap of C$1.70 billion, a P/E ratio of 36.10 and a beta of 0.23. Superior Plus has a 1 year low of C$5.15 and a 1 year high of C$8.34. 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 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 issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.4%. Superior Plus's dividend payout ratio (DPR) is presently 109.01%.

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.