Superior Plus (TSE:SPB) Rating Increased to Outperform at Scotiabank

Scotiabank upgraded shares of Superior Plus (TSE:SPB) from a sector perform rating to an outperform rating in a research note released on Monday morning, Marketbeat reports. They currently have C$9.50 target price on the stock, up from their previous target price of C$7.50.

Other analysts have also issued research reports about the stock. National Bankshares lifted their price target on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research report on Thursday, April 3rd. ATB Capital lifted their target price on Superior Plus from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Raymond James raised Superior Plus from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 28th. BMO Capital Markets raised their price objective on Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Finally, CIBC boosted their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the company an “outperform” rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Superior Plus presently has an average rating of “Moderate Buy” and an average price target of C$9.85.

Superior Plus Price Performance

Superior Plus stock opened at C$6.73 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The company has a 50-day moving average price of C$6.41 and a 200 day moving average price of C$6.61. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$9.65. The stock has a market cap of C$1.13 billion, a P/E ratio of 24.74 and a beta of 0.76.

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.