Superior Plus Corp. (TSE:SPB) Receives C$8.48 Consensus PT from Brokerages

Superior Plus Corp. (TSE:SPB) has earned an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$8.48.

Several brokerages have recently weighed in on SPB. Royal Bank Of Canada dropped their price objective on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Scotiabank upped their target price on shares of Superior Plus from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. ATB Cormark Capital Markets upped their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Desjardins upped their target price on shares of Superior Plus from C$7.00 to C$7.75 and gave the stock a “hold” rating in a report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st.

Insider Buying and Selling at Superior Plus

In other Superior Plus news, insider Dale Alan Winger bought 3,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of C$8.38 per share, for a total transaction of C$25,140.00. Following the acquisition, the insider directly owned 48,000 shares of the company’s stock, valued at approximately C$402,240. The trade was a 6.67% increase in their position. In the last quarter, insiders have bought 15,000 shares of company stock valued at $118,360. Corporate insiders own 0.54% of the company’s stock.

Superior Plus Price Performance

Shares of TSE SPB opened at C$8.04 on Friday. The firm’s 50-day moving average price is C$7.64 and its 200-day moving average price is C$7.25. Superior Plus has a 1-year low of C$6.06 and a 1-year high of C$8.86. The firm has a market capitalization of C$1.73 billion, a P/E ratio of 38.29 and a beta of 0.30. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 193.28.

Superior Plus (TSE:SPB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a net margin of 2.01% and a return on equity of 5.20%. The firm had revenue of C$1.25 billion for the quarter.

Superior Plus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, March 31st. Superior Plus’s dividend payout ratio is currently 62.09%.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.