Canaccord Genuity Raises Superior Plus (SPB) Price Target to C$13.25

Superior Plus (TSE:SPB) had its target price hoisted by Canaccord Genuity from C$13.00 to C$13.25 in a report issued on Friday morning.

SPB has been the subject of a number of other reports. TD Securities raised their price target on Superior Plus from C$13.00 to C$13.50 and gave the company a hold rating in a report on Friday, November 10th. Scotiabank raised their price target on Superior Plus from C$13.75 to C$14.00 and gave the company a sector perform rating in a report on Thursday, November 9th. National Bank Financial dropped their price target on Superior Plus from C$15.00 to C$14.00 and set an outperform rating for the company in a report on Monday, January 29th. CIBC dropped their price target on Superior Plus from C$13.50 to C$13.00 in a report on Monday, November 13th. Finally, Desjardins reaffirmed a buy rating and set a C$15.00 price target on shares of Superior Plus in a report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of C$14.08.

Shares of Superior Plus (SPB) opened at C$12.30 on Friday. Superior Plus has a twelve month low of C$10.80 and a twelve month high of C$13.34. The firm has a market capitalization of $1,760.00, a price-to-earnings ratio of -58.57 and a beta of 0.36.

The company also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.72 annualized dividend and a dividend yield of 5.85%. Superior Plus’s dividend payout ratio (DPR) is currently -342.86%.

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Superior Plus Company Profile

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 (TSE:SPB)

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