Superior Plus Corp. (TSE:SPB) Given Consensus Rating of “Buy” by Analysts

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Superior Plus Corp. (TSE:SPB) has been assigned an average recommendation of “Buy” from the eleven brokerages that are covering the firm, reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$14.75.

Several brokerages recently issued reports on SPB. Canaccord Genuity raised their target price on Superior Plus from C$13.75 to C$14.50 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. BMO Capital Markets lowered their target price on Superior Plus from C$14.00 to C$13.50 in a research report on Thursday. Desjardins raised their target price on Superior Plus from C$14.00 to C$14.50 in a research report on Friday, May 10th. CIBC raised their target price on Superior Plus from C$14.50 to C$16.00 in a research report on Thursday, July 11th. Finally, Industrial Alliance Securities raised Superior Plus from a “buy” rating to a “strong-buy” rating and set a C$15.00 target price for the company in a research report on Thursday.

Shares of SPB traded down C$0.04 during trading hours on Tuesday, reaching C$11.93. The stock had a trading volume of 696,100 shares, compared to its average volume of 548,755. Superior Plus has a 12 month low of C$9.17 and a 12 month high of C$13.70. The stock has a market capitalization of $2.09 billion and a PE ratio of 49.92. The company has a debt-to-equity ratio of 172.16, a quick ratio of 0.66 and a current ratio of 1.00. The company’s 50-day moving average is C$13.18 and its two-hundred day moving average is C$12.18.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Saturday, August 31st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 6.04%. Superior Plus’s payout ratio is currently 301.26%.

Superior Plus Company Profile

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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