Superior Plus (SPB) Reaches New 52-Week Low at $10.06

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Superior Plus Corp. (TSE:SPB) shares reached a new 52-week low on Thursday . The company traded as low as C$10.06 and last traded at C$10.17, with a volume of 168247 shares trading hands. The stock had previously closed at C$10.27.

A number of research firms have recently weighed in on SPB. Canaccord Genuity increased their price target on Superior Plus from C$13.50 to C$13.75 in a research note on Wednesday, August 15th. Raymond James dropped their price objective on Superior Plus from C$15.00 to C$14.50 in a research note on Wednesday, October 24th. CIBC dropped their price objective on Superior Plus from C$15.00 to C$14.50 in a research note on Friday, November 9th. Finally, TD Securities raised Superior Plus from a “buy” rating to an “action list buy” rating and set a C$16.00 price objective on the stock in a research note on Wednesday, November 28th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$14.73.

The company has a debt-to-equity ratio of 154.23, a quick ratio of 0.61 and a current ratio of 0.97.

Superior Plus (TSE:SPB) last issued its quarterly earnings data on Wednesday, November 7th. The company reported C($0.23) EPS for the quarter. The company had revenue of C$481.70 million during the quarter, compared to analyst estimates of C$629.00 million. On average, sell-side analysts anticipate that Superior Plus Corp. will post 0.8 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend is Friday, December 28th. Superior Plus’s payout ratio is presently 186.53%.

In other Superior Plus news, insider John Engelen acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average price of C$10.55 per share, with a total value of C$31,650.00. Insiders have purchased a total of 7,800 shares of company stock worth $82,344 in the last ninety days.

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Superior Plus Company Profile (TSE:SPB)

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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