Todays Report: Today, Scotiabank Boosts Superior Plus Corp. (SPB) Price Target to C$12.50

Today, Scotiabank Boosts Superior Plus Corp. (SPB) Price Target to C$12.50

Superior Plus Corp. (TSE:SPB) had its price objective raised by Scotiabank from C$12.25 to C$12.50 in a report issued on Wednesday morning. Scotiabank currently has a sector perform rating on the stock.

Several other analysts have also weighed in on the stock. TD Securities reiterated a buy rating and set a C$13.50 target price on shares of Superior Plus Corp. in a research note on Monday, November 21st. Royal Bank Of Canada boosted their target price on shares of Superior Plus Corp. from C$12.00 to C$13.00 and gave the company an outperform rating in a research note on Monday, November 21st. Canaccord Genuity boosted their target price on shares of Superior Plus Corp. from C$13.00 to C$13.25 and gave the company a buy rating in a research note on Monday, October 31st. CIBC boosted their target price on shares of Superior Plus Corp. from C$11.50 to C$12.25 in a research note on Monday, October 31st. Finally, Cormark upgraded shares of Superior Plus Corp. from a market perform rating to a buy rating in a research note on Monday, October 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of C$12.64.

Superior Plus Corp. (TSE:SPB) opened at 11.68 on Wednesday. Superior Plus Corp. has a one year low of $8.42 and a one year high of $12.23. The stock has a market cap of $1.67 billion and a P/E ratio of 4.71. The stock has a 50 day moving average of $11.65 and a 200-day moving average of $11.38.

The company also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend is Monday, November 28th.

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