Superior Plus (TSE:SPB) Price Target Increased to C$16.00 by Analysts at CIBC

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Superior Plus (TSE:SPB) had its price target lifted by CIBC from C$14.50 to C$16.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on SPB. Raymond James reaffirmed a buy rating and set a $18.00 target price on shares of Cornerstone Progressive Return Fund in a research report on Wednesday, June 12th. BMO Capital Markets upped their price target on Axalta Coating Systems to $34.00 and gave the company a market perform rating in a research report on Friday, June 21st. Desjardins upped their price target on Superior Plus from C$14.00 to C$14.50 in a research report on Friday, May 10th. Canaccord Genuity set a $49.00 price target on Lovesac and gave the company a buy rating in a research report on Tuesday, June 11th. Finally, National Bank Financial dropped their price target on Yamana Gold from C$5.25 to C$5.00 in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$14.89.

Shares of Superior Plus stock opened at C$13.27 on Thursday. The stock’s fifty day moving average is C$12.91. The firm has a market capitalization of $2.32 billion and a price-to-earnings ratio of 27.76. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 163.24. Superior Plus has a 12-month low of C$9.17 and a 12-month high of C$13.70.

Superior Plus (TSE:SPB) last announced its earnings results on Thursday, May 9th. The company reported C$0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.61 by C$0.30. The company had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$1.03 billion. As a group, equities analysts anticipate that Superior Plus will post 0.98 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 5.43%. The ex-dividend date is Tuesday, July 30th. Superior Plus’s payout ratio is 150.63%.

About Superior Plus

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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