Superior Plus Corp. (TSE:SPB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Superior Plus Corp. (TSE:SPB) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$10.05.

SPB has been the subject of a number of analyst reports. Cibc World Mkts raised shares of Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. BMO Capital Markets dropped their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from C$9.50 to C$8.50 in a research report on Friday, November 8th. Desjardins dropped their price target on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Scotiabank dropped their price target on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th.

Superior Plus Stock Performance

TSE:SPB opened at C$6.33 on Monday. The firm has a 50 day simple moving average of C$6.75 and a 200-day simple moving average of C$7.82. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. The firm has a market cap of C$1.57 billion, a PE ratio of -126.60 and a beta of 0.76. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$10.36.

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 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, December 31st. Superior Plus’s payout ratio is currently -1,440.00%.

Insider Transactions at Superior Plus

In other news, Director Shawn Bradley Vammen bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of C$6.35 per share, for a total transaction of C$31,750.00. Also, Director Patrick Edward Gottschalk bought 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average price 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 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.