Superior Plus (TSE:SPB) Price Target Raised to C$8.00

Superior Plus (TSE:SPB) had its price objective hoisted by research analysts at TD from C$7.50 to C$8.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s target price points to a potential upside of 4.44% from the stock’s current price.

Several other research firms also recently issued reports on SPB. Raymond James Financial downgraded Superior Plus from a “moderate buy” rating to a “hold” rating and cut their price objective for the stock from C$9.75 to C$8.50 in a report on Monday, February 23rd. ATB Cormark Capital Markets lifted their target price on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank Of Canada lowered their target price on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. BMO Capital Markets cut Superior Plus from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$9.00 to C$8.00 in a research note on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce raised Superior Plus from a “hold” rating to an “outperformer” rating in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$8.11.

Superior Plus Price Performance

Superior Plus stock traded down C$0.13 during midday trading on Friday, hitting C$7.66. The company’s stock had a trading volume of 875,953 shares, compared to its average volume of 1,045,343. The company has a quick ratio of 0.46, a current ratio of 0.95 and a debt-to-equity ratio of 244.09. The stock’s 50-day moving average price is C$6.90 and its 200-day moving average price is C$7.14. Superior Plus has a 12 month low of C$6.06 and a 12 month high of C$8.34. The company has a market capitalization of C$1.64 billion, a PE ratio of 30.64 and a beta of 0.29.

Superior Plus (TSE:SPB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 EPS for the quarter. The firm had revenue of C$1.25 billion for the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%.

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.