Superior Plus Corp. (TSE:SPB) Receives C$9.28 Consensus Target Price from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$9.28.

A number of research firms have recently weighed in on SPB. Scotiabank dropped their price target on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. CIBC upgraded Superior Plus from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$8.50 to C$9.00 in a research note on Wednesday, December 17th. TD Securities raised Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. National Bankshares increased their target price on Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets raised their price target on Superior Plus from C$8.00 to C$10.00 in a research report on Friday, October 10th.

Superior Plus Trading Up 0.7%

Shares of Superior Plus stock opened at C$7.44 on Tuesday. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The firm has a 50-day moving average of C$7.18 and a 200-day moving average of C$7.44. Superior Plus has a 52-week low of C$5.77 and a 52-week high of C$8.34. The stock has a market cap of C$1.66 billion, a PE ratio of 106.29 and a beta of 0.37.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Thursday, November 13th. The company reported C($0.41) EPS for the quarter. The business had revenue of C$470.64 million for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.

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.