Superior Plus Corp. (TSE:SPB) Receives Average Rating of “Hold” from Brokerages

Shares of Superior Plus Corp. (TSE:SPB) have received a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$8.48.

Several brokerages have issued reports on SPB. National Bank Financial increased their target price on shares of Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Monday, June 1st. ATB Cormark Capital Markets upped their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Desjardins increased their price objective on shares of Superior Plus from C$7.00 to C$7.75 and gave the company a “hold” rating in a research note on Friday, May 15th. Scotiabank lifted their price objective on shares of Superior Plus from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “hold” rating to an “outperformer” rating in a research note on Tuesday, April 21st.

Superior Plus Trading Up 0.5%

SPB traded up C$0.04 during trading on Tuesday, hitting C$7.84. 13,860 shares of the stock were exchanged, compared to its average volume of 980,783. The firm has a 50 day simple moving average of C$7.92 and a 200 day simple moving average of C$7.32. The firm has a market cap of C$1.68 billion, a price-to-earnings ratio of 37.33 and a beta of 0.35. Superior Plus has a 1 year low of C$6.06 and a 1 year high of C$8.86. The company has a debt-to-equity ratio of 193.28, a quick ratio of 0.46 and a current ratio of 1.22.

Superior Plus (TSE:SPB) last issued its earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The business had revenue of C$1.25 billion during the quarter. Superior Plus had a return on equity of 5.20% and a net margin of 2.01%.

Insider Activity

In related news, insider Dale Alan Winger purchased 10,000 shares of Superior Plus stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of C$7.65 per share, with a total value of C$76,500.00. Following the transaction, the insider owned 41,000 shares in the company, valued at approximately C$313,650. The trade was a 32.26% increase in their position. In the last quarter, insiders acquired 15,000 shares of company stock valued at $118,360. Company insiders own 0.54% of the company’s stock.

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.