Brokerages Set Superior Plus Corp. (TSE:SPB) Price Target at C$9.91

Superior Plus Corp. (TSE:SPB) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$9.91.

A number of brokerages have recently commented on SPB. Cormark lowered their price objective on Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th. National Bankshares dropped their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. BMO Capital Markets decreased their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. TD Securities cut their target price on shares of Superior Plus from C$9.00 to C$7.50 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Scotiabank lowered their price target on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th.

Insiders Place Their Bets

In other Superior Plus news, Director Patrick Edward Gottschalk bought 100,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of C$6.32 per share, with a total value of C$632,150.40. Also, Director Shawn Bradley Vammen purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of C$6.35 per share, with a total value of C$31,750.00. Corporate insiders own 0.54% of the company’s stock.

Superior Plus Trading Up 1.9 %

Superior Plus stock opened at C$6.42 on Thursday. Superior Plus has a one year low of C$5.15 and a one year high of C$10.36. The company’s fifty day moving average price is C$7.17 and its two-hundred day moving average price is C$8.15. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of -128.40 and a beta of 0.76.

Superior Plus Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.045 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.18 annualized dividend and a yield of 2.80%. Superior Plus’s dividend payout ratio is -1,440.00%.

Superior Plus Company Profile

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.