Canaccord Genuity Boosts Superior Plus (SPB) Price Target to C$13.75

Superior Plus (TSE:SPB) had its price target raised by Canaccord Genuity from C$13.50 to C$13.75 in a report issued on Tuesday morning, BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. Desjardins reduced their price target on shares of Superior Plus from C$15.00 to C$14.00 in a report on Wednesday, January 16th. Cormark reduced their price target on shares of Superior Plus from C$16.00 to C$15.00 in a report on Tuesday, February 12th. Raymond James set a C$14.50 price target on shares of Superior Plus and gave the company an outperform rating in a report on Friday, May 10th. National Bank Financial upped their price target on shares of Superior Plus from C$14.00 to C$14.50 and gave the company an outperform rating in a report on Thursday, March 21st. Finally, AltaCorp Capital reaffirmed an outperform rating on shares of Superior Plus in a report on Wednesday, February 13th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$14.63.

Shares of TSE SPB opened at C$12.38 on Tuesday. Superior Plus has a 12-month low of C$9.17 and a 12-month high of C$13.56. The stock has a market capitalization of $2.17 billion and a price-to-earnings ratio of 25.85. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 163.24.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Thursday, February 14th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The business had revenue of C$887.00 million for the quarter, compared to the consensus estimate of C$857.00 million. On average, equities analysts predict that Superior Plus will post 0.819999977570395 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend was Monday, April 29th. Superior Plus’s payout ratio is 150.31%.

Superior Plus Company Profile

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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