Superior Plus Corp. (TSE:SPB) Receives C$8.50 Average Target Price from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$8.50.

SPB has been the topic of a number of recent analyst reports. Desjardins boosted their price target on shares of Superior Plus from C$7.75 to C$8.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. TD increased their price objective on shares of Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Scotiabank lifted their target price on shares of Superior Plus from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. 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. Finally, ATB Cormark Capital Markets upped their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, May 15th.

Insider Buying and Selling at Superior Plus

In other Superior Plus news, insider Dale Alan Winger acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of C$7.65 per share, with a total value of C$76,500.00. Following the purchase, the insider directly owned 41,000 shares of the company’s stock, valued at C$313,650. This trade represents a 32.26% increase in their ownership of the stock. Over the last three months, insiders bought 15,000 shares of company stock valued at $118,360. Company insiders own 0.54% of the company’s stock.

Superior Plus Price Performance

Shares of SPB opened at C$7.98 on Friday. The business has a 50-day moving average of C$8.10 and a 200-day moving average of C$7.44. The company has a debt-to-equity ratio of 193.28, a current ratio of 1.22 and a quick ratio of 0.46. The company has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 38.00 and a beta of 0.35. Superior Plus has a 1 year low of C$6.06 and a 1 year high of C$8.86.

Superior Plus (TSE:SPB) last announced its earnings results on Wednesday, May 13th. The company reported C$0.94 EPS for the quarter. The business had revenue of C$1.25 billion for the quarter. Superior Plus had a return on equity of 5.20% and a net margin of 2.01%.

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.