Superior Plus (TSE:SPB) Price Target Cut to C$10.00 by Analysts at TD Securities

Superior Plus (TSE:SPB) had its price target decreased by TD Securities from C$12.00 to C$10.00 in a research note published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms also recently weighed in on SPB. Stifel Nicolaus dropped their price target on Superior Plus from C$13.00 to C$12.50 and set a buy rating on the stock in a research note on Wednesday, August 7th. ATB Capital reduced their price target on shares of Superior Plus from C$14.00 to C$13.00 in a research report on Wednesday, July 24th. Desjardins lowered their price objective on shares of Superior Plus from C$13.50 to C$11.50 and set a buy rating on the stock in a report on Thursday, July 18th. Cormark reduced their price objective on shares of Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th. Finally, Royal Bank of Canada lowered their target price on shares of Superior Plus from C$15.00 to C$13.00 and set an outperform rating on the stock in a report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Superior Plus presently has a consensus rating of Hold and a consensus target price of C$10.82.

Superior Plus Stock Up 1.0 %

Shares of TSE SPB opened at C$7.84 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.96 and a debt-to-equity ratio of 129.19. The firm has a market cap of C$1.95 billion, a PE ratio of 40.43 and a beta of 0.77. The company’s fifty day simple moving average is C$8.40 and its 200 day simple moving average is C$9.14. Superior Plus has a 12-month low of C$7.51 and a 12-month high of C$10.90.

Superior Plus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.18%. The ex-dividend date of this dividend is Friday, September 27th.

Insider Buying and Selling

In related news, Senior Officer Kirsten Olsen purchased 3,765 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The shares were bought at an average cost of C$9.37 per share, with a total value of C$35,278.05. 0.54% of the stock is currently owned by corporate insiders.

About Superior Plus

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.