Analysts Set Superior Plus Corp. (TSE:SPB) PT at C$12.69

Superior Plus Corp. (TSE:SPB - Get Free Report) has received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$12.69.

SPB has been the topic of several recent research reports. Raymond James downgraded Superior Plus from an "outperform" rating to a "market perform" rating and cut their target price for the stock from C$12.50 to C$11.50 in a report on Thursday, January 4th. CIBC dropped their price objective on Superior Plus from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research note on Friday, February 23rd. TD Securities dropped their price objective on Superior Plus from C$13.50 to C$13.00 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Finally, Scotiabank decreased their target price on Superior Plus from C$12.75 to C$12.00 and set a "sector perform" rating for the company in a research report on Friday, February 23rd.

Superior Plus Stock Performance

TSE:SPB traded down C$0.09 during mid-day trading on Thursday, hitting C$9.67. 772,364 shares of the stock were exchanged, compared to its average volume of 707,232. The firm's 50-day simple moving average is C$9.63 and its 200 day simple moving average is C$9.77. Superior Plus has a fifty-two week low of C$9.05 and a fifty-two week high of C$11.09. The company has a debt-to-equity ratio of 140.14, a quick ratio of 0.46 and a current ratio of 0.87. The stock has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 42.04 and a beta of 0.79.

Superior Plus (TSE:SPB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.27 earnings per share for the quarter, missing analysts' consensus estimates of C$0.31 by C($0.04). The firm had revenue of C$985.80 million for the quarter, compared to the consensus estimate of C$1.21 billion. Superior Plus had a return on equity of 4.77% and a net margin of 1.54%. As a group, equities analysts anticipate that Superior Plus will post 0.429381 EPS for the current fiscal year.

Superior Plus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 7.45%. The ex-dividend date is Wednesday, March 27th. Superior Plus's dividend payout ratio is presently 313.04%.

Insider Activity at Superior Plus

In other news, Director Allan Angus Macdonald bought 53,022 shares of Superior Plus stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average price of C$9.45 per share, with a total value of C$500,983.67. 0.49% of the stock is owned by company insiders.

About Superior Plus

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.