Superior Plus (TSE:SPB) Given New C$13.50 Price Target at BMO Capital Markets

Superior Plus (TSE:SPB) had its price target trimmed by BMO Capital Markets from C$14.00 to C$13.50 in a report published on Thursday, BayStreet.CA reports.

A number of other research analysts have also recently commented on SPB. 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. CIBC upped their price target on Superior Plus from C$14.50 to C$16.00 in a research note on Thursday, July 11th. Canaccord Genuity upped 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. Industrial Alliance Securities upgraded Superior Plus from a buy rating to a strong-buy rating and set a C$15.00 price target on the stock in a research note on Thursday. Finally, Raymond James restated an outperform rating and set a C$15.00 price target on shares of Superior Plus in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of C$14.75.

TSE:SPB opened at C$11.93 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 172.16. The stock’s fifty day moving average is C$13.18 and its two-hundred day moving average is C$12.18. Superior Plus has a 52 week low of C$9.17 and a 52 week high of C$13.70. The stock has a market capitalization of $2.09 billion and a price-to-earnings ratio of 49.92.

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

About Superior Plus

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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