Superior Plus Corp. (SPB) Receives C$13.66 Average PT from Brokerages

Superior Plus Corp. (TSE:SPB) has been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$13.66.

SPB has been the topic of several research reports. Canaccord Genuity upgraded Superior Plus Corp. from a “hold” rating to a “buy” rating and set a C$13.00 price target on the stock in a research note on Thursday, September 28th. TD Securities lowered their price objective on Superior Plus Corp. from C$14.00 to C$13.00 and set a “hold” rating on the stock in a research note on Thursday, August 10th. BMO Capital Markets reiterated a “market perform” rating and issued a C$13.00 price objective on shares of Superior Plus Corp. in a research note on Thursday, September 28th. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$13.75 price objective on shares of Superior Plus Corp. in a research note on Monday, October 16th.

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In related news, Director Patrick Edward Gottschalk acquired 30,000 shares of the stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of C$10.19 per share, for a total transaction of C$305,700.00.

Shares of Superior Plus Corp. (TSE SPB) traded down C$0.08 on Wednesday, reaching C$12.98. 251,300 shares of the company traded hands, compared to its average volume of 265,044. Superior Plus Corp. has a 12 month low of C$10.80 and a 12 month high of C$13.34.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 5.55%.

Superior Plus Corp. Company Profile

Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.

Analyst Recommendations for Superior Plus Corp. (TSE:SPB)

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