Canaccord Genuity Raises Superior Plus (SPB) Price Target to C$13.25

Superior Plus (TSE:SPB) had its price target lifted by Canaccord Genuity from C$13.00 to C$13.25 in a research report released on Friday morning.

SPB has been the subject of a number of other research reports. TD Securities raised their price objective on Superior Plus from C$13.00 to C$13.50 and gave the stock a hold rating in a research report on Friday, November 10th. Scotiabank raised their price objective on Superior Plus from C$13.75 to C$14.00 and gave the stock a sector perform rating in a research report on Thursday, November 9th. National Bank Financial reduced their price objective on Superior Plus from C$15.00 to C$14.00 and set an outperform rating for the company in a research report on Monday, January 29th. CIBC reduced their price objective on Superior Plus from C$13.50 to C$13.00 in a research report on Monday, November 13th. Finally, Desjardins reiterated a buy rating and issued a C$15.00 price objective on shares of Superior Plus in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$14.08.

Shares of Superior Plus (SPB) opened at C$12.30 on Friday. Superior Plus has a 52-week low of C$10.80 and a 52-week high of C$13.34. The company has a market capitalization of $1,760.00, a P/E ratio of -58.57 and a beta of 0.36.

The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.85%. Superior Plus’s payout ratio is presently -342.86%.

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About Superior Plus

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 (TSE:SPB)

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