Scotiabank Raises Superior Plus Corp. (SPB) Price Target to C$14.00

Superior Plus Corp. (TSE:SPB) had its target price boosted by Scotiabank from C$13.75 to C$14.00 in a report released on Thursday morning. Scotiabank currently has a sector perform rating on the stock.

Several other research firms have also recently weighed in on SPB. TD Securities lowered their price objective on shares of Superior Plus Corp. from C$14.00 to C$13.00 and set a hold rating on the stock in a research report on Thursday, August 10th. Canaccord Genuity upgraded shares of Superior Plus Corp. from a hold rating to a buy rating and set a C$13.00 price objective on the stock in a research report on Thursday, September 28th. Finally, BMO Capital Markets restated a market perform rating and set a C$13.00 price objective on shares of Superior Plus Corp. in a research report on Thursday, September 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of C$13.75.

Shares of Superior Plus Corp. (TSE:SPB) opened at C$12.48 on Thursday. Superior Plus Corp. has a 52-week low of C$10.80 and a 52-week high of C$13.34.

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The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Wednesday, November 29th. Superior Plus Corp.’s dividend payout ratio is currently -104.35%.

In other Superior Plus Corp. news, Director Patrick Edward Gottschalk bought 30,000 shares of Superior Plus Corp. stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average price of C$10.19 per share, with a total value of C$305,700.00.

About Superior Plus Corp.

Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.

Analyst Recommendations for Superior Plus Corp. (TSE:SPB)

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