Superior Plus Corp. (TSE:SPB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$9.95.

Several research firms have recently weighed in on SPB. BMO Capital Markets decreased their target price on Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. CIBC raised their target price on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday. Cibc World Mkts upgraded Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. Desjardins decreased their target price on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Scotiabank reduced their price objective on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th.

Insider Buying and Selling at Superior Plus

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

Superior Plus Stock Performance

TSE SPB opened at C$6.34 on Friday. The company has a market cap of C$1.58 billion, a PE ratio of -126.80 and a beta of 0.76. The stock’s 50 day simple moving average is C$6.40 and its 200-day simple moving average is C$7.44. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$10.36. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46.

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 $0.045 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.18 dividend on an annualized basis and a yield of 2.84%. Superior Plus’s dividend payout ratio is currently -1,440.00%.

About Superior Plus

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.