Superior Plus (TSE:SPB) Price Target Raised to C$10.00 at Stifel Nicolaus

Superior Plus (TSE:SPB) had its price objective hoisted by equities research analysts at Stifel Nicolaus from C$9.00 to C$10.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 30.89% from the company’s previous close.

Several other research analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce raised Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. TD Securities downgraded Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Desjardins increased their price target on 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. ATB Cormark Capital Markets increased their price target on 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 price target on 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. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$8.39.

Superior Plus Trading Up 2.6%

TSE:SPB traded up C$0.19 during trading hours on Thursday, hitting C$7.64. 467,087 shares of the stock were exchanged, compared to its average volume of 1,040,701. The company’s 50 day moving average is C$6.98 and its two-hundred day moving average is C$7.13. Superior Plus has a twelve month low of C$6.06 and a twelve month high of C$8.34. The company has a quick ratio of 0.46, a current ratio of 1.22 and a debt-to-equity ratio of 193.28. The company has a market capitalization of C$1.64 billion, a P/E ratio of 36.38 and a beta of 0.29.

Superior Plus (TSE:SPB) last posted 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 4.59% and a net margin of 1.69%.The firm had revenue of C$1.25 billion for the quarter.

Insider Buying and Selling

In other Superior Plus news, insider Dale Alan Winger acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of C$7.65 per share, with a total value of C$76,500.00. Following the purchase, the insider owned 41,000 shares of the company’s stock, valued at C$313,650. This represents a 32.26% increase in their position. 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.