Wed Sep 25 08:20:53 UTC 2024: ## Superior Plus Corp. (SPB) Receives Mixed Analyst Recommendations

**Toronto, Canada – September 25, 2024** – Superior Plus Corp. (TSE:SPB), a leading distributor of propane, compressed natural gas, and renewable energy in North America, has earned a consensus recommendation of “Hold” from eleven research firms currently covering the stock, according to MarketBeat.com.

While six analysts have rated the stock with a “hold” recommendation, five have assigned a “buy” recommendation. The average twelve-month target price among brokers is C$10.55.

Recent analyst activity has seen mixed signals. TD Securities and BMO Capital Markets both downgraded their price objectives on Superior Plus to C$10.00 while maintaining “buy” and “outperform” ratings respectively. National Bank Financial lowered their rating from “strong-buy” to “hold” and Desjardins adjusted their price target to C$11.50 while retaining a “buy” rating.

Superior Plus reported a quarterly loss of C$0.27 per share, missing analysts’ estimates by C$0.08. Revenue for the quarter came in at C$578.62 million, falling short of analyst expectations of C$710.53 million.

Despite the recent earnings miss, Superior Plus declared a quarterly dividend of $0.18, payable on October 15th. The company’s dividend payout ratio is currently -1,440.00%.

Superior Plus operates in the United States and Canada through four segments: U.S. Propane, Canadian Propane, Wholesale Propane, and Certarus.

Investors and analysts are closely watching Superior Plus’ performance, hoping for signs of a turnaround in the coming months. The company’s future prospects will depend on its ability to navigate a challenging economic environment and maintain its market share in a competitive industry.

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