Superior Plus (TSE:SPB) Price Target Raised to C$8.50 at National Bank Financial

Superior Plus (TSE:SPB) had its target price increased by investment analysts at National Bank Financial from C$7.50 to C$8.50 in a report released on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 1.67% from the stock’s previous close.

Several other equities research analysts also recently weighed in on SPB. TD increased their price objective on Superior Plus from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, May 15th. BMO Capital Markets downgraded Superior Plus from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$9.00 to C$8.00 in a report on Friday, February 20th. Stifel Nicolaus increased their price objective on Superior Plus from C$9.00 to C$10.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Royal Bank Of Canada decreased their price objective on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. Finally, TD Securities downgraded Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Superior Plus has a consensus rating of “Hold” and a consensus target price of C$8.48.

Superior Plus Stock Down 0.4%

Shares of SPB stock traded down C$0.03 on Monday, reaching C$8.36. 993,056 shares of the stock were exchanged, compared to its average volume of 1,057,330. The company has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 39.81 and a beta of 0.29. Superior Plus has a twelve month low of C$6.06 and a twelve month high of C$8.62. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 193.28. The business’s 50 day moving average price is C$7.19 and its 200 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 EPS for the quarter. The company had revenue of C$1.25 billion for the quarter. Superior Plus had a net margin of 1.69% and a return on equity of 4.59%.

Insider Buying and Selling at Superior Plus

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

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.