Desjardins reissued their buy rating on shares of Superior Plus (TSE:SPB) in a research note released on Tuesday. The brokerage currently has a C$15.00 price target on the stock. Desjardins also issued estimates for Superior Plus’ Q4 2017 earnings at $0.21 EPS, Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $0.74 EPS and FY2019 earnings at $0.82 EPS.
Several other research firms have also recently issued reports on SPB. Scotiabank reaffirmed a sector perform rating and issued a C$13.75 price target on shares of Superior Plus in a report on Monday, October 16th. CIBC boosted their target price on shares of Superior Plus from C$13.00 to C$13.50 in a research note on Tuesday, January 9th. National Bank Financial cut their target price on shares of Superior Plus from C$15.00 to C$14.00 and set an outperform rating on the stock in a research note on Monday, January 29th. Canaccord Genuity cut their target price on shares of Superior Plus from C$13.25 to C$13.00 in a research note on Wednesday, November 15th. Finally, TD Securities boosted their target price on shares of Superior Plus from C$13.00 to C$13.50 and gave the company a hold rating in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$13.89.
Superior Plus (TSE SPB) opened at C$11.60 on Tuesday. The stock has a market capitalization of $1,660.00, a price-to-earnings ratio of -16.81 and a beta of 0.36. Superior Plus has a twelve month low of C$10.80 and a twelve month high of C$13.34.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 6.21%. The ex-dividend date is Tuesday, January 30th. Superior Plus’s dividend payout ratio (DPR) is currently -104.35%.
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About Superior Plus
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.
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