Superior Plus (TSE:SPB) Price Target Raised to C$8.00

Superior Plus (TSE:SPB) had its price objective lifted by equities researchers at TD from C$7.50 to C$8.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s target price suggests a potential upside of 4.44% from the stock’s current price.

SPB has been the subject of several other research reports. TD Securities downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. National Bank Financial reduced their price target on shares of Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a report on Monday, February 23rd. Royal Bank Of Canada cut their price objective on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. BMO Capital Markets cut shares of Superior Plus from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$9.00 to C$8.00 in a research note on Friday, February 20th. Finally, Stifel Nicolaus cut their price objective on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$8.11.

Superior Plus Stock Performance

Shares of SPB traded down C$0.13 during midday trading on Friday, hitting C$7.66. 875,953 shares of the stock traded hands, compared to its average volume of 1,045,343. Superior Plus has a 1-year low of C$6.06 and a 1-year high of C$8.34. The firm has a market capitalization of C$1.64 billion, a PE ratio of 30.64 and a beta of 0.29. The company has a debt-to-equity ratio of 244.09, a quick ratio of 0.46 and a current ratio of 0.95. The business’s 50 day moving average price is C$6.90 and its two-hundred day moving average price is C$7.14.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share (EPS) for the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%. The company had revenue of C$1.25 billion during the quarter.

Superior Plus Company Profile

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.