Shares of Superior Plus Corp. (TSE:SPB – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$12.11.
Several brokerages have commented on SPB. National Bank Financial lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada cut their price target on shares of Superior Plus from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. TD Securities decreased their price objective on shares of Superior Plus from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Monday. National Bankshares downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$12.00 to C$10.00 in a research note on Tuesday. Finally, BMO Capital Markets decreased their price target on shares of Superior Plus from C$12.50 to C$12.00 in a research report on Tuesday.
View Our Latest Stock Analysis on SPB
Superior Plus Trading Down 2.4 %
Superior Plus (TSE:SPB – Get Free Report) last announced its earnings results on Tuesday, May 14th. The company reported C$0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.05). Superior Plus had a return on equity of 2.58% and a net margin of 0.57%. The firm had revenue of C$1.21 billion for the quarter, compared to analyst estimates of C$1.38 billion. Research analysts forecast that Superior Plus will post 0.3347732 earnings per share for the current fiscal year.
Superior Plus Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.91%. The ex-dividend date of this dividend was Friday, June 28th.
Insider Buying and Selling
In related news, Senior Officer Kirsten Olsen acquired 3,765 shares of the firm’s stock in a transaction dated Monday, May 27th. The stock was acquired at an average cost of C$9.37 per share, for a total transaction of C$35,278.05. Corporate insiders own 0.49% of the company’s stock.
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.
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