Several other brokerages have also issued reports on SPB. Scotiabank reissued a sector perform rating and issued a C$13.75 target price on shares of Superior Plus Corp. in a research report on Monday, October 16th. TD Securities decreased their target price on Superior Plus Corp. from C$14.00 to C$13.00 and set a hold rating for the company in a research report on Thursday, August 10th. Canaccord Genuity raised Superior Plus Corp. from a hold rating to a buy rating and set a C$13.00 target price for the company in a research report on Thursday, September 28th. Finally, BMO Capital Markets reissued a market perform rating and issued a C$13.00 target price on shares of Superior Plus Corp. in a research report on Thursday, September 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of C$13.69.
Superior Plus Corp. (TSE:SPB) opened at C$12.15 on Monday. Superior Plus Corp. has a 52-week low of C$10.80 and a 52-week high of C$13.34.
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The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 5.93%. Superior Plus Corp.’s dividend payout ratio (DPR) is presently -104.35%.
In other Superior Plus Corp. news, Director Patrick Edward Gottschalk bought 30,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was acquired at an average price of C$10.19 per share, for a total transaction of C$305,700.00. Insiders have acquired 32,600 shares of company stock valued at $338,432 in the last 90 days.
Superior Plus Corp. Company Profile
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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