Superior Plus Corp. (TSE:SPB) Given Average Recommendation of “Hold” by Analysts

Shares of Superior Plus Corp. (TSE:SPB) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$8.48.

Several equities research analysts have recently issued reports on SPB shares. Scotiabank raised 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 report on Tuesday, May 19th. Stifel Nicolaus raised their price objective on shares of Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. ATB Cormark Capital Markets boosted their target price on 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. Desjardins upped their target price on Superior Plus from C$7.00 to C$7.75 and gave the company a “hold” rating in a research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce upgraded Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st.

Superior Plus Trading Up 0.5%

Shares of TSE:SPB traded up C$0.04 during trading on Tuesday, hitting C$7.84. The company had a trading volume of 13,860 shares, compared to its average volume of 980,783. The stock has a market cap of C$1.68 billion, a price-to-earnings ratio of 37.33 and a beta of 0.35. 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 fifty day simple moving average of C$7.92 and a two-hundred day simple moving average of C$7.32. Superior Plus has a one year low of C$6.06 and a one year high of C$8.86.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The company 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%.

Insiders Place Their Bets

In other Superior Plus news, insider Dale Alan Winger bought 3,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of C$8.38 per share, for a total transaction of C$25,140.00. Following the completion of the transaction, the insider owned 48,000 shares in the company, valued at C$402,240. This trade represents a 6.67% increase in their ownership of the stock. Insiders acquired a total of 15,000 shares of company stock valued at $118,360 in the last 90 days. Company insiders own 0.54% of the company’s stock.

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.