Superior Plus (TSE:SPB) Price Target Raised to C$10.00 at Stifel Nicolaus

Superior Plus (TSE:SPB) had its target price lifted by Stifel Nicolaus from C$9.00 to C$10.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 30.89% from the stock’s current price.

Other equities analysts have also issued reports about the company. BMO Capital Markets lowered Superior Plus from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$9.00 to C$8.00 in a research note on Friday, February 20th. TD boosted their price target on Superior Plus from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce upgraded Superior Plus from a “hold” rating to an “outperformer” rating in a research note on Tuesday, April 21st. TD Securities lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Raymond James Financial lowered Superior Plus from a “moderate buy” rating to a “hold” rating and lowered their price objective for the company from C$9.75 to C$8.50 in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Superior Plus currently has a consensus rating of “Hold” and a consensus target price of C$8.39.

Superior Plus Stock Performance

Shares of Superior Plus stock traded up C$0.19 during trading on Thursday, reaching C$7.64. The company’s stock had a trading volume of 467,087 shares, compared to its average volume of 1,040,701. Superior Plus has a one year low of C$6.06 and a one year high of C$8.34. The company has a debt-to-equity ratio of 193.28, a quick ratio of 0.46 and a current ratio of 1.22. The firm has a market cap of C$1.64 billion, a price-to-earnings ratio of 36.38 and a beta of 0.29. The business’s fifty day moving average price is C$6.98 and its 200-day moving average price is C$7.13.

Superior Plus (TSE:SPB) last issued 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 return on equity of 4.59% and a net margin of 1.69%.The firm had revenue of C$1.25 billion for the quarter.

Insider Activity at Superior Plus

In other Superior Plus news, insider Dale Alan Winger bought 10,000 shares of Superior Plus stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of C$7.65 per share, with a total value of C$76,500.00. Following the acquisition, the insider directly owned 41,000 shares of the company’s stock, valued at C$313,650. The trade was a 32.26% increase in their ownership of the stock. 0.54% of the stock is owned by insiders.

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.