ATB Capital Issues Positive Forecast for Superior Plus (TSE:SPB) Stock Price

Superior Plus (TSE:SPB) had its target price raised by analysts at ATB Capital from C$10.00 to C$11.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 56.92% from the company’s current price.

SPB has been the subject of several other reports. CIBC increased their target price 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 Thursday, January 9th. BMO Capital Markets increased their price objective on Superior Plus from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James upgraded Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th. TD Securities increased their price target on Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Finally, National Bankshares boosted their price objective on Superior Plus from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.80.

Superior Plus Price Performance

Superior Plus stock traded down C$0.10 during midday trading on Thursday, hitting C$7.01. The company’s stock had a trading volume of 334,794 shares, compared to its average volume of 909,555. Superior Plus has a 12 month low of C$5.15 and a 12 month high of C$9.82. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The stock’s 50-day moving average price is C$6.36 and its 200-day moving average price is C$6.66. The company has a market capitalization of C$1.18 billion, a PE ratio of 25.77 and a beta of 0.76.

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.