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

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%.

Shares of Superior Plus Corp. (TSE:SPB - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$9.16.

A number of equities analysts have recently issued reports on SPB shares. TD Securities dropped their price objective on shares of Superior Plus from C$8.50 to C$8.00 and set a "hold" rating on the stock in a research note on Wednesday, August 13th. Desjardins lowered 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, August 13th. BMO Capital Markets dropped their target price on Superior Plus from C$10.00 to C$8.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Finally, Raymond James Financial cut their price target on Superior Plus from C$10.50 to C$10.00 and set an "outperform" rating on the stock in a report on Thursday, August 14th.

Superior Plus Price Performance

TSE:SPB opened at C$7.48 on Wednesday. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$8.34. The company has a 50-day moving average of C$7.34 and a 200 day moving average of C$7.21. The firm has a market cap of C$1.74 billion, a PE ratio of 83.11 and a beta of 0.23.

Superior Plus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 2.4%. Superior Plus's dividend payout ratio is presently 363.82%.

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.

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