Superior Plus (TSE:SPB) Stock Price Expected to Rise, Desjardins Analyst Says

Superior Plus (TSE:SPB) had its price target hoisted by research analysts at Desjardins from C$7.00 to C$7.75 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price target would indicate a potential upside of 1.17% from the stock’s current price.

Other research analysts have also issued reports about the stock. TD Securities lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Scotiabank lowered shares of Superior Plus from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$8.50 to C$6.50 in a research note on Monday, February 23rd. Royal Bank Of Canada dropped their price target on shares of 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. TD boosted their price target on shares of Superior Plus from C$7.00 to C$7.50 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Finally, Canadian Imperial Bank of Commerce upgraded shares of Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$8.11.

Superior Plus Stock Performance

Shares of Superior Plus stock traded down C$0.13 on Friday, reaching C$7.66. 875,953 shares of the stock were exchanged, compared to its average volume of 1,045,343. Superior Plus has a 1-year low of C$6.06 and a 1-year high of C$8.34. The company has a current ratio of 0.95, a quick ratio of 0.46 and a debt-to-equity ratio of 244.09. The business has a fifty day moving average price of C$6.90 and a two-hundred day moving average price of C$7.14. The firm 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 earnings per share (EPS) for the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%. The business had revenue of C$1.25 billion for the quarter.

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.