Superior Plus (TSE:SPB) PT Lowered to C$11.50 at Desjardins

Superior Plus (TSE:SPB) had its price target lowered by Desjardins from C$13.50 to C$11.50 in a research report sent to investors on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently issued reports on SPB. TD Securities cut their price objective on Superior Plus from C$13.00 to C$12.00 and set a buy rating on the stock in a research note on Monday, July 15th. National Bank Financial lowered Superior Plus from a strong-buy rating to a hold rating in a research report on Tuesday, July 16th. BMO Capital Markets reduced their price objective on Superior Plus from C$12.50 to C$12.00 in a research note on Tuesday, July 16th. National Bankshares lowered shares of Superior Plus from an outperform rating to a sector perform rating and lowered their target price for the company from C$12.00 to C$10.00 in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada dropped their target price 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. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of C$12.11.

Superior Plus Trading Up 0.4 %

SPB opened at C$8.11 on Thursday. Superior Plus has a 12-month low of C$7.97 and a 12-month high of C$10.90. The company has a debt-to-equity ratio of 129.19, a current ratio of 0.96 and a quick ratio of 0.46. The stock has a market capitalization of C$2.02 billion, a PE ratio of 40.43 and a beta of 0.81. The firm’s fifty day moving average price is C$9.00 and its 200 day moving average price is C$9.38.

Superior Plus (TSE:SPB) last released its earnings results on Tuesday, May 14th. The company reported C$0.40 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of C$1.21 billion during the quarter, compared to the consensus estimate of C$1.38 billion. As a group, research analysts expect that Superior Plus will post 0.3347732 EPS for the current fiscal year.

Superior Plus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.18 per share. The ex-dividend date was Friday, June 28th. This represents a $0.72 annualized dividend and a dividend yield of 8.88%.

Insider Activity at Superior Plus

In other Superior Plus news, Senior Officer Kirsten Olsen purchased 3,765 shares of the business’s stock in a transaction dated Monday, May 27th. The shares were bought at an average price of C$9.37 per share, with a total value of C$35,278.05. 0.49% of the stock is currently owned by insiders.

About Superior Plus

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.