Scotiabank Boosts Superior Plus Corp. (SPB) Price Target to C$14.00

Superior Plus Corp. (TSE:SPB) had its price target boosted by Scotiabank from C$12.50 to C$14.00 in a research report sent to investors on Tuesday. They currently have a sector perform rating on the stock.

SPB has been the subject of several other research reports. CIBC lifted their price target on Superior Plus Corp. from C$11.50 to C$12.25 in a report on Monday, October 31st. Cormark upgraded Superior Plus Corp. from a market perform rating to a buy rating in a report on Monday, October 31st. TD Securities restated a buy rating and issued a C$13.50 price target on shares of Superior Plus Corp. in a report on Monday, November 21st. National Bank Financial lifted their price target on Superior Plus Corp. from C$13.00 to C$14.00 in a report on Wednesday, January 25th. Finally, Royal Bank Of Canada restated an outperform rating and issued a C$12.00 price target on shares of Superior Plus Corp. in a report on Friday, October 28th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Superior Plus Corp. presently has an average rating of Buy and a consensus target price of C$13.34.

Superior Plus Corp. (TSE:SPB) traded down 0.08% during mid-day trading on Tuesday, reaching $12.78. 410,469 shares of the company’s stock traded hands. The stock has a market capitalization of $1.82 billion and a PE ratio of 5.15. The stock’s 50 day moving average is $12.73 and its 200-day moving average is $12.02. Superior Plus Corp. has a 52 week low of $8.42 and a 52 week high of $13.10.

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The business also recently declared a monthly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 5.63%. The ex-dividend date is Friday, February 24th.

About Superior Plus Corp.

Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through three segments: Energy Services, Specialty Chemicals and Construction Products Distribution. Superior’s Energy Services segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and U.S.

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