Brokerages Set Superior Plus Corp. (TSE:SPB) PT at C$7.80

Superior Plus Corp. (TSE:SPB) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$7.80.

Several analysts recently issued reports on SPB shares. Scotiabank lowered Superior Plus from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$8.50 to C$6.50 in a report on Monday, February 23rd. National Bank Financial lowered their target price on Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating on the stock in a research note on Monday, February 23rd. TD Securities lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. ATB Cormark Capital Markets cut their price target on Superior Plus from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Finally, BMO Capital Markets lowered Superior Plus from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$9.00 to C$8.00 in a report on Friday, February 20th.

Superior Plus Price Performance

Shares of SPB opened at C$6.50 on Wednesday. The business’s 50-day moving average is C$7.15 and its 200-day moving average is C$7.39. The company has a debt-to-equity ratio of 244.09, a current ratio of 0.95 and a quick ratio of 0.46. The company has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 26.00 and a beta of 0.30. Superior Plus has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.34.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.33 earnings per share for the quarter. The firm had revenue of C($3.43) million for the quarter. Superior Plus had a net margin of 2.86% and a return on equity of 8.15%.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.