Canaccord Genuity Increases Superior Plus (SPB) Price Target to C$13.50

Superior Plus (TSE:SPB) had its price objective boosted by research analysts at Canaccord Genuity from C$13.25 to C$13.50 in a research report issued to clients and investors on Friday. Canaccord Genuity’s target price points to a potential upside of 4.57% from the company’s previous close.

SPB has been the subject of a number of other reports. National Bank Financial dropped their target price on Superior Plus from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Monday, January 29th. CIBC upped their target price on Superior Plus from C$13.00 to C$13.50 in a report on Tuesday, January 9th. Desjardins restated a “buy” rating and issued a C$15.00 target price on shares of Superior Plus in a report on Tuesday, February 6th. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating and upped their target price for the company from C$14.00 to C$15.00 in a report on Thursday, February 15th. Finally, Scotiabank set a C$14.00 target price on Superior Plus and gave the company a “sector perform” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Superior Plus currently has an average rating of “Buy” and a consensus target price of C$14.00.

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Superior Plus stock opened at C$12.91 on Friday. Superior Plus has a 52 week low of C$10.80 and a 52 week high of C$13.34.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.25 by C$0.07. Superior Plus had a return on equity of 23.78% and a net margin of 5.89%. The company had revenue of C$768.90 million during the quarter, compared to the consensus estimate of C$732.00 million.

In other news, Director Patrick Edward Gottschalk purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 5th. The shares were purchased at an average price of C$10.08 per share, for a total transaction of C$201,600.00.

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Superior Plus Company Profile

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

Analyst Recommendations for Superior Plus (TSE:SPB)

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