Superior Plus (TSE:SPB) Stock Gets Price Target Cut from ATB Cormark Capital Markets

Superior Plus (TSE:SPB) had its price target decreased by equities researchers at ATB Cormark Capital Markets from C$9.00 to C$7.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets‘s price target suggests a potential upside of 28.68% from the stock’s current price.

SPB has been the subject of several other research reports. Scotia boosted their target price on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Raymond James Financial reduced their price target on shares of Superior Plus from C$8.50 to C$7.00 and set a “market perform” rating on the stock in a research note on Thursday. TD upgraded shares of Superior Plus from a “sell” rating to a “hold” rating and set a C$5.50 price target on the stock in a research note on Thursday. National Bank Financial set a C$6.50 price target on shares of Superior Plus and gave the company a “sector perform” rating in a report on Thursday. Finally, TD Securities cut shares of Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Superior Plus presently has a consensus rating of “Hold” and an average price target of C$7.62.

Superior Plus Price Performance

Shares of Superior Plus stock traded up C$0.13 during trading on Thursday, reaching C$5.44. 1,850,562 shares of the company’s stock were exchanged, compared to its average volume of 860,322. 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$5.11 and a 1-year high of C$8.86. The company has a market cap of C$1.17 billion, a P/E ratio of 544.00 and a beta of 0.31. The firm’s 50-day moving average price is C$6.84 and its 200 day moving average price is C$7.29.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Tuesday, November 10th. The company reported C($0.53) earnings per share for the quarter. The business had revenue of C$541.12 million during the quarter. Superior Plus had a negative net margin of 0.15% and a negative return on equity of 0.41%. During the same quarter in the previous year, the business earned ($0.47) earnings per share.

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.