Superior Plus (TSE:SPB) Stock Price Target Lowered at Desjardins

Superior Plus (TSE:SPB) had its price target cut by stock analysts at Desjardins from C$8.75 to C$8.25 in a report released on Monday, BayStreet reports. The firm presently has a “hold” rating on the stock. Desjardins‘s target price points to a potential upside of 19.74% from the stock’s previous close.

Several other analysts also recently weighed in on SPB. Royal Bank Of Canada downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 10th. TD reduced their price objective on Superior Plus from C$8.00 to C$7.50 in a research note on Tuesday, October 20th. Finally, Scotia boosted their target price on Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$8.52.

Superior Plus Price Performance

SPB traded up C$0.06 during midday trading on Monday, hitting C$6.89. The stock had a trading volume of 361,789 shares, compared to its average volume of 837,894. The company has a market cap of C$1.48 billion, a P/E ratio of 689.00 and a beta of 0.43. The business has a fifty day moving average of C$7.06 and a 200 day moving average of C$7.51. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. Superior Plus has a 1 year low of C$6.06 and a 1 year high of C$8.86.

About Superior Plus

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.