Brokerages Set Superior Plus Corp. (SPB) Target Price at $13.81

Superior Plus Corp. (TSE:SPB) has been given a consensus recommendation of “Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$13.81.

Several research analysts have recently weighed in on SPB shares. Scotiabank boosted their target price on Superior Plus Corp. from C$13.50 to C$13.75 and gave the stock a “sector perform” rating in a report on Wednesday, May 3rd. TD Securities restated a “hold” rating and set a C$14.00 target price on shares of Superior Plus Corp. in a report on Thursday, May 4th.

Shares of Superior Plus Corp. (TSE:SPB) traded down 1.92% during midday trading on Friday, reaching $11.23. The company had a trading volume of 133,199 shares. The company’s 50-day moving average is $11.20 and its 200-day moving average is $12.18. Superior Plus Corp. has a 1-year low of $10.80 and a 1-year high of $13.34. The stock has a market capitalization of $1.60 billion and a PE ratio of 6.57.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Tuesday, August 29th.

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About Superior Plus Corp.

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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