National Bank Financial Cuts Superior Plus (TSE:SPB) Price Target to C$14.00

Superior Plus (TSE:SPB) had its price target cut by National Bank Financial from C$14.50 to C$14.00 in a research report report published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the company. BMO Capital Markets downgraded Superior Plus from a strong-buy rating to a buy rating and boosted their target price for the stock from C$14.75 to C$15.00 in a research report on Friday, June 21st. Raymond James restated an outperform rating and issued a C$15.00 target price on shares of Superior Plus in a research report on Thursday, August 1st. Royal Bank of Canada cut Superior Plus from an outperform rating to a sector perform rating and set a C$14.00 price target on the stock. in a research note on Friday, July 12th. Desjardins lifted their price target on Superior Plus from C$14.00 to C$14.50 in a research note on Friday, May 10th. Finally, CIBC lifted their price target on Superior Plus from C$14.50 to C$16.00 in a research note on Thursday, July 11th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Superior Plus has an average rating of Buy and an average price target of C$14.75.

TSE:SPB opened at C$11.93 on Thursday. The business has a 50 day moving average of C$13.18 and a 200 day moving average of C$12.18. The company has a market capitalization of $2.09 billion and a price-to-earnings ratio of 49.92. Superior Plus has a 1-year low of C$9.17 and a 1-year high of C$13.70. The company has a debt-to-equity ratio of 172.16, a current ratio of 1.00 and a quick ratio of 0.66.

The business also recently declared a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Saturday, August 31st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 6.04%. Superior Plus’s dividend payout ratio (DPR) is currently 301.26%.

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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