Superior Plus (TSE:SPB) Upgraded at Industrial Alliance Securities

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Industrial Alliance Securities upgraded shares of Superior Plus (TSE:SPB) from a buy rating to a strong-buy rating in a research note released on Thursday, BayStreet.CA reports. Industrial Alliance Securities currently has C$15.00 target price on the stock.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets lowered Superior Plus from a strong-buy rating to a buy rating and raised their price target for the stock from C$14.75 to C$15.00 in a research note on Friday, June 21st. Canaccord Genuity raised their price target on Superior Plus from C$13.75 to C$14.50 and gave the stock a buy rating in a research note on Tuesday, June 11th. Raymond James reissued an outperform rating and set a C$15.00 price target on shares of Superior Plus in a research note on Thursday, August 1st. National Bank Financial decreased their price target on Superior Plus from C$14.50 to C$14.00 and set an outperform rating for the company in a research note on Thursday. Finally, Desjardins raised their price target on Superior Plus from C$14.00 to C$14.50 in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Superior Plus currently has a consensus rating of Buy and a consensus price target of C$14.75.

Shares of SPB stock opened at C$11.93 on Thursday. Superior Plus has a 52-week low of C$9.17 and a 52-week high of C$13.70. The company has a debt-to-equity ratio of 172.16, a quick ratio of 0.66 and a current ratio of 1.00. The firm has a market capitalization of $2.09 billion and a P/E ratio of 49.92. The stock has a 50 day moving average price of C$13.18 and a 200 day moving average price of C$12.18.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Saturday, August 31st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.72 annualized dividend and a yield of 6.04%. Superior Plus’s payout ratio 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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