Shares of Superior Plus Corp. (TSE:SPB – Get Rating) have received a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$13.98.

A number of research firms have recently commented on SPB. ATB Capital cut their price objective on Superior Plus from C$14.50 to C$13.50 and set a "sector perform" rating for the company in a research report on Thursday, May 12th. Canaccord Genuity Group boosted their price target on Superior Plus from C$13.50 to C$14.00 in a research report on Monday, May 16th. Scotiabank lowered their price objective on Superior Plus from C$13.00 to C$12.50 in a research note on Thursday. Royal Bank of Canada raised Superior Plus to a "buy" rating and set a C$15.00 price objective on the stock in a research note on Thursday, May 5th. Finally, Cormark raised Superior Plus to a "buy" rating and set a C$15.00 price objective on the stock in a research note on Thursday, May 5th.

Insider Activity at Superior Plus

In other news, insider Marquard & Bahls AG acquired 7,900 shares of the company's stock in a transaction that occurred on Wednesday, June 22nd. The stock was purchased at an average cost of C$11.15 per share, with a total value of C$88,066.83. Following the purchase, the insider now directly owns 36,679,664 shares of the company's stock, valued at approximately C$408,893,890.37. Insiders bought 34,300 shares of company stock valued at $382,530 in the last ninety days.

Superior Plus Price Performance

Superior Plus (TSE:SPB – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported C$0.68 EPS for the quarter, topping analysts' consensus estimates of C$0.62 by C$0.06. The firm had revenue of C$1.17 billion for the quarter, compared to analyst estimates of C$896.50 million. Research analysts anticipate that Superior Plus will post 0.6999999 earnings per share for the current fiscal year.

Superior Plus Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be issued a $0.06 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 6.38%. Superior Plus's dividend payout ratio is currently 257.14%.

Superior Plus Company Profile

(Get Rating)

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California.

See Also

• MarketBeat: Week in Review 8/8 – 8/12
• 2 Important Retail Stock Battles to Watch
• What Is WallStreetBets and What Stocks Are They Targeting?
• Institutions And Analysts Propel Jack In The Box Higher
• Can You Guess Which EV Stock Is Beating Tesla ?

Receive News & Ratings for Superior Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Plus and related companies with MarketBeat.com's FREE daily email newsletter.