Superior Plus Corp. (TSE:SPB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.85 and traded as high as C$8.08. Superior Plus shares last traded at C$8.07, with a volume of 203,666 shares.
Wall Street Analyst Weigh In
SPB has been the subject of several recent analyst reports. CIBC boosted their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. BMO Capital Markets boosted their price objective on shares of Superior Plus from C$9.00 to C$10.00 in a research report on Thursday, May 22nd. TD Securities boosted their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. ATB Capital upped their price target on shares of Superior Plus from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Finally, Desjardins upped their price target on shares of Superior Plus from C$9.25 to C$10.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Superior Plus presently has a consensus rating of "Moderate Buy" and a consensus target price of C$10.05.
Check Out Our Latest Analysis on Superior Plus
Superior Plus Stock Performance
The company has a market cap of C$1.37 billion, a PE ratio of 29.89 and a beta of 0.76. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The stock's 50-day simple moving average is C$7.75 and its 200 day simple moving average is C$6.88.
Superior Plus Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.18 dividend on an annualized basis and a yield of 2.21%. Superior Plus's payout ratio is currently 264.73%.
Superior Plus Company Profile
(
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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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