Superior Plus (SPB) Price Target Increased to C$14.50 by Analysts at National Bank Financial

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Superior Plus (TSE:SPB) had its price objective upped by research analysts at National Bank Financial from C$14.00 to C$14.50 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 24.46% from the stock’s current price.

Several other research firms have also recently weighed in on SPB. AltaCorp Capital reiterated an “outperform” rating on shares of Superior Plus in a report on Wednesday, February 13th. Cormark dropped their target price on Superior Plus from C$16.00 to C$15.00 in a research report on Tuesday, February 12th. Raymond James reissued an “outperform” rating and issued a C$14.50 target price on shares of Superior Plus in a research report on Wednesday, February 20th. Canaccord Genuity dropped their target price on Superior Plus from C$13.75 to C$13.50 in a research report on Tuesday, February 19th. Finally, TD Securities raised Superior Plus from a “buy” rating to an “action list buy” rating and set a C$16.00 target price on the stock in a research report on Wednesday, November 28th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Superior Plus presently has a consensus rating of “Buy” and an average price target of C$14.50.

Shares of TSE:SPB traded up C$0.02 during trading on Thursday, hitting C$11.65. 153,012 shares of the company’s stock traded hands, compared to its average volume of 643,358. Superior Plus has a 52 week low of C$9.17 and a 52 week high of C$13.56. The company has a debt-to-equity ratio of 170.25, a current ratio of 1.12 and a quick ratio of 0.80. The stock has a market capitalization of $2.03 billion and a PE ratio of -54.19.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, February 14th. The company reported C$0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.22 by C($0.02). The firm had revenue of C$887.00 million during the quarter, compared to analyst estimates of C$857.00 million. On average, research analysts expect that Superior Plus will post 0.809999966683806 earnings per share for the current year.

About Superior Plus

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.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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