Superior Plus Corp. (TSE:SPB) Given Average Rating of “Moderate Buy” by Brokerages

Superior Plus Corp. (TSE:SPB) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$10.05.

A number of equities research analysts recently weighed in on the stock. National Bankshares reduced their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Scotiabank decreased their target price on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Stifel Nicolaus cut their price target on Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. TD Securities increased their price objective on Superior Plus from C$7.50 to C$9.00 in a report on Thursday. Finally, Desjardins cut their target price on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a report on Wednesday, October 16th.

Insider Transactions at Superior Plus

In related news, Director Patrick Edward Gottschalk bought 100,000 shares of the stock in a transaction on Friday, November 8th. The shares were bought at an average cost of C$6.32 per share, for a total transaction of C$632,150.40. Also, Director Shawn Bradley Vammen purchased 5,000 shares of Superior Plus stock in a transaction dated Tuesday, November 12th. The shares were bought at an average price of C$6.35 per share, with a total value of C$31,750.00. Company insiders own 0.54% of the company’s stock.

Superior Plus Stock Down 3.5 %

SPB stock opened at C$6.64 on Monday. The company’s 50 day moving average is C$6.83 and its two-hundred day moving average is C$7.88. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$10.36. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. The stock has a market cap of C$1.65 billion, a P/E ratio of -132.80 and a beta of 0.76.

Superior Plus Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, December 31st. Superior Plus’s payout ratio is -1,440.00%.

Superior Plus Company Profile

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.