Superior Plus (TSE:SPB) Price Target Raised to C$9.00

Superior Plus (TSE:SPB) had its price target lifted by Scotia from C$8.50 to C$9.00 in a research note released on Monday,BayStreet.CA reports. Scotia currently has a sector perform rating on the stock.

A number of other equities research analysts also recently weighed in on SPB. Stifel Nicolaus upped 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. National Bank Financial lifted their price objective on shares of Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Scotiabank boosted their target price on shares of Superior Plus from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. ATB Cormark Capital Markets increased their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, TD increased their target price on shares of Superior Plus from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Superior Plus currently has an average rating of “Hold” and a consensus target price of C$8.60.

Superior Plus Stock Up 0.3%

SPB opened at C$7.60 on Monday. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. The company has a market capitalization of C$1.63 billion, a PE ratio of 36.19 and a beta of 0.35. The stock’s fifty day moving average is C$8.01 and its 200-day moving average is C$7.46. Superior Plus has a one year low of C$6.06 and a one year high of C$8.86.

Superior Plus (TSE:SPB) last announced 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 negative return on equity of 0.41% and a negative net margin of 0.15%.

Insider Buying and Selling at Superior Plus

In related news, insider Dale Alan Winger purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of C$7.65 per share, for a total transaction of C$76,500.00. Following the transaction, the insider directly owned 41,000 shares of the company’s stock, valued at C$313,650. This trade represents a 32.26% increase in their position. In the last three months, insiders acquired 15,000 shares of company stock valued at $118,360. Company insiders own 0.54% of the company’s stock.

Superior Plus Company Profile

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.