Brokerages Set Superior Plus Corp. (TSE:SPB) Price Target at C$10.27

Superior Plus Corp. (TSE:SPB - Get Free Report) has received a consensus rating of "Hold" from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$10.27.

Several analysts have issued reports on the company. Cibc World Mkts cut Superior Plus from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 15th. ATB Capital cut their target price on Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Royal Bank of Canada decreased their price target on shares of Superior Plus from C$13.00 to C$11.00 in a research report on Thursday, August 15th. Scotiabank cut their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, August 19th. Finally, National Bankshares decreased their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th.

Superior Plus Stock Up 0.4 %

TSE:SPB traded up C$0.03 during mid-day trading on Friday, reaching C$7.41. The company's stock had a trading volume of 795,618 shares, compared to its average volume of 877,469. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. Superior Plus has a 1 year low of C$7.20 and a 1 year high of C$10.36. The stock has a fifty day moving average of C$7.64 and a 200-day moving average of C$8.57. The firm has a market capitalization of C$1.84 billion, a PE ratio of -148.20 and a beta of 0.76.

Superior Plus (TSE:SPB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C($0.19) by C($0.08). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The business had revenue of C$578.62 million during the quarter, compared to analysts' expectations of C$710.53 million.

Superior Plus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.72%. The ex-dividend date of this dividend was Friday, September 27th. Superior Plus's payout ratio is -1,440.00%.

Superior Plus Company Profile

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.