Superior Plus (TSE:SPB) Price Target Raised to C$7.00

Superior Plus (TSE:SPB) had its target price lifted by National Bankshares from C$6.50 to C$7.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential downside of 1.55% from the stock’s current price.

Other analysts have also issued research reports about the company. Scotiabank decreased their price objective on Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$8.50 to C$9.00 in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. Finally, TD Securities upgraded shares of Superior Plus from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$9.28.

Superior Plus Price Performance

Shares of TSE:SPB traded up C$0.17 during midday trading on Wednesday, hitting C$7.11. 624,714 shares of the stock were exchanged, compared to its average volume of 806,498. Superior Plus has a twelve month low of C$5.77 and a twelve month high of C$8.34. The stock has a market cap of C$1.59 billion, a P/E ratio of 101.57 and a beta of 0.17. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The company has a 50 day moving average price of C$7.54 and a 200-day moving average price of C$7.58.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Thursday, November 13th. The company reported C($0.41) EPS for the quarter. The business had revenue of C$470.64 million during the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.