Superior Plus Corp. (TSE:SPB) Receives Consensus Rating of "Moderate Buy" from Analysts

Superior Plus Corp. (TSE:SPB - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$10.05.

Several equities analysts have recently issued reports on SPB shares. ATB Capital decreased their price target on shares of Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. National Bankshares decreased their target price on Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Cibc World Mkts raised Superior Plus to a "strong-buy" rating in a research report on Friday, November 8th. Scotiabank cut their price objective on Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. Finally, Desjardins lowered their target price on Superior Plus from C$10.50 to C$9.50 and set a "buy" rating for the company in a research note on Wednesday, October 16th.

Superior Plus Trading Up 0.8 %

Superior Plus stock traded up C$0.05 during midday trading on Monday, hitting C$6.69. 1,246,702 shares of the stock were exchanged, compared to its average volume of 997,891. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. The stock has a market capitalization of C$1.66 billion, a PE ratio of -132.80 and a beta of 0.76. The company has a fifty day simple moving average of C$6.83 and a two-hundred day simple moving average of C$7.88.

Superior Plus Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Tuesday, December 31st. Superior Plus's dividend payout ratio is presently -1,440.00%.

Insider Buying and Selling

In related news, Director Shawn Bradley Vammen acquired 5,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were bought at an average price of C$6.35 per share, for a total transaction of C$31,750.00. Also, Director Patrick Edward Gottschalk acquired 100,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of C$6.32 per share, with a total value of C$632,150.40. 0.54% of the stock is currently owned by corporate insiders.

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.