Superior Plus Corp. (TSE:SPB – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday after BMO Capital Markets lowered their price target on the stock from C$10.00 to C$9.00. The company traded as low as C$7.14 and last traded at C$7.14, with a volume of 38596 shares traded. The stock had previously closed at C$7.23.
A number of other research firms have also recently issued reports on SPB. National Bank Financial cut Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. Cormark decreased their price target on shares of Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. CIBC lowered shares of Superior Plus from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$14.00 to C$10.00 in a research note on Thursday, August 15th. National Bankshares reduced their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Finally, ATB Capital reduced their price target on shares of Superior Plus from C$13.00 to C$12.00 in a research report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$10.18.
Superior Plus Stock Performance
Superior Plus (TSE:SPB – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The firm had revenue of C$578.62 million during the quarter, compared to analysts’ expectations of C$710.53 million.
Superior Plus Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date of this dividend was Friday, September 27th. Superior Plus’s dividend payout ratio is currently -1,440.00%.
Superior Plus Company Profile
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.
Featured Articles
- Five stocks we like better than Superior Plus
- What is the Hang Seng index?
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Insider Buying Explained: What Investors Need to Know
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What Does a Stock Split Mean?
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
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.