Superior Plus Corp. (TSE:SPB) Receives C$8.60 Consensus Price Target from Analysts

Superior Plus Corp. (TSE:SPB) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$8.60.

Several research firms have recently commented on SPB. Stifel Nicolaus boosted their price target on shares of Superior Plus from C$9.00 to C$10.00 and gave the company a “buy” rating in a report on Thursday, May 21st. ATB Cormark Capital Markets increased their target price on Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. National Bank Financial increased their price target on shares of Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Monday, June 1st. TD boosted their target price on Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, Scotia upped their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th.

Superior Plus Trading Up 0.6%

Shares of SPB stock opened at C$7.19 on Wednesday. The business’s fifty day moving average is C$7.77 and its 200 day moving average is C$7.46. Superior Plus has a 52-week low of C$6.06 and a 52-week high of C$8.86. The company has a market capitalization of C$1.54 billion, a PE ratio of 719.00 and a beta of 0.35. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91.

Insider Activity

In related news, insider Dale Alan Winger purchased 3,000 shares of Superior Plus stock in a transaction on Friday, June 5th. The shares were purchased at an average price of C$8.38 per share, for a total transaction of C$25,140.00. Following the transaction, the insider owned 48,000 shares of the company’s stock, valued at approximately C$402,240. This represents a 6.67% increase in their position. Company insiders own 0.54% of the company’s stock.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.