Superior Plus (TSE:SPB) Price Target Raised to C$8.50 at National Bank Financial

Superior Plus (TSE:SPB) had its price target increased by analysts at National Bank Financial from C$7.50 to C$8.50 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 1.67% from the stock’s current price.

SPB has been the topic of a number of other research reports. Stifel Nicolaus increased their price objective on Superior Plus from C$9.00 to C$10.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. TD lifted their price objective 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. Royal Bank Of Canada dropped their price objective on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Raymond James Financial cut Superior Plus from a “moderate buy” rating to a “hold” rating and dropped their price objective for the stock from C$9.75 to C$8.50 in a research report on Monday, February 23rd. Finally, TD Securities cut Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Superior Plus presently has an average rating of “Hold” and an average target price of C$8.48.

Superior Plus Price Performance

Shares of SPB traded down C$0.03 during mid-day trading on Monday, reaching C$8.36. 993,056 shares of the company’s stock were exchanged, compared to its average volume of 1,057,330. The company has a quick ratio of 0.46, a current ratio of 1.22 and a debt-to-equity ratio of 193.28. Superior Plus has a 52-week low of C$6.06 and a 52-week high of C$8.62. The company has a market cap of C$1.79 billion, a price-to-earnings ratio of 39.81 and a beta of 0.29. The company has a 50-day simple moving average of C$7.19 and a two-hundred day simple moving average of C$7.14.

Superior Plus (TSE:SPB) last posted its earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share (EPS) for the quarter. The firm had revenue of C$1.25 billion for the quarter. Superior Plus had a return on equity of 4.59% and a net margin of 1.69%.

Insider Activity

In related news, insider Dale Alan Winger bought 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$7.65 per share, for a total transaction of C$76,500.00. Following the completion of the acquisition, the insider owned 41,000 shares in the company, valued at C$313,650. This trade represents a 32.26% increase in their ownership of the stock. Corporate 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.