Superior Plus Corp. (SPB) PT Lowered to C$13.00
Superior Plus Corp. (TSE:SPB) had its price objective reduced by equities researchers at CIBC from C$13.50 to C$13.00 in a research report issued to clients and investors on Monday. CIBC’s price target would suggest a potential upside of 7.97% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Canaccord Genuity upgraded shares of Superior Plus Corp. from a “hold” rating to a “buy” rating and set a C$13.00 price target on the stock in a report on Thursday, September 28th. TD Securities cut their price target on shares of Superior Plus Corp. from C$14.00 to C$13.00 and set a “hold” rating on the stock in a report on Thursday, August 10th. BMO Capital Markets reiterated a “market perform” rating and issued a C$13.00 price target on shares of Superior Plus Corp. in a report on Thursday, September 28th. Finally, Scotiabank increased their price target on shares of Superior Plus Corp. from C$13.75 to C$14.00 and gave the stock a “sector perform” rating in a report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$13.69.
Superior Plus Corp. (TSE SPB) opened at C$12.04 on Monday. Superior Plus Corp. has a fifty-two week low of C$10.80 and a fifty-two week high of C$13.34.
In related news, Director Patrick Edward Gottschalk acquired 30,000 shares of the stock in a transaction on Friday, September 29th. The shares were acquired at an average price of C$10.19 per share, for a total transaction of C$305,700.00. In the last 90 days, insiders acquired 32,600 shares of company stock worth $338,432.
Superior Plus Corp. Company Profile
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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