Superior Plus (TSE:SPB) Price Target Lowered to C$9.00 at Scotiabank

Superior Plus (TSE:SPB) had its price objective reduced by Scotiabank from C$12.00 to C$9.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

SPB has been the topic of several other research reports. Desjardins dropped their target price on shares of Superior Plus from C$13.50 to C$11.50 and set a buy rating on the stock in a report on Thursday, July 18th. ATB Capital cut their price objective on Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. National Bank Financial cut Superior Plus from a strong-buy rating to a hold rating in a research report on Tuesday, July 16th. National Bankshares dropped their target price on Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Finally, Stifel Nicolaus lowered their price objective on shares of Superior Plus from C$12.50 to C$12.00 and set a buy rating on the stock in a research note on Friday, August 16th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of C$10.55.

Superior Plus Trading Down 1.0 %

Superior Plus stock opened at C$7.54 on Monday. Superior Plus has a one year low of C$7.51 and a one year high of C$10.90. The business’s fifty day moving average is C$8.31 and its 200 day moving average is C$9.10. The stock has a market capitalization of C$1.87 billion, a PE ratio of 40.43 and a beta of 0.77. The company has a debt-to-equity ratio of 129.19, a current ratio of 0.96 and a quick ratio of 0.46.

Superior Plus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 9.55%. The ex-dividend date is Friday, September 27th.

Insider Buying and Selling at Superior Plus

In other Superior Plus news, Senior Officer Kirsten Olsen bought 3,765 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The stock was purchased at an average price of C$9.37 per share, for a total transaction of C$35,278.05. Insiders own 0.54% of the company’s stock.

About Superior Plus

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.