Superior Plus Corp. (TSE:SPB) Given Consensus Recommendation of “Hold” by Brokerages

Superior Plus Corp. (TSE:SPB) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$8.48.

Several brokerages recently weighed in on SPB. TD increased their price target on shares of Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “hold” rating to an “outperformer” rating in a research report on Tuesday, April 21st. ATB Cormark Capital Markets lifted their price objective 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. Desjardins upped 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 report on Friday, May 15th. Finally, Stifel Nicolaus increased their price objective on shares of Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st.

Superior Plus Stock Up 0.8%

Superior Plus stock opened at C$7.87 on Tuesday. The business’s 50-day simple moving average is C$7.96 and its two-hundred day simple moving average is C$7.34. The company has a debt-to-equity ratio of 193.28, a quick ratio of 0.46 and a current ratio of 1.22. The company has a market cap of C$1.69 billion, a PE ratio of 37.48 and a beta of 0.35. Superior Plus has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.86.

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

Insider Transactions at Superior Plus

In other Superior Plus news, insider Dale Alan Winger purchased 10,000 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$7.65 per share, with a total value 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. Insiders have acquired 15,000 shares of company stock worth $118,360 in the last three months. 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.