Superior Plus (TSE:SPB) Shares Down 19% on Analyst Downgrade

Superior Plus Corp. (TSE:SPB) shares dropped 19% on Friday after TD Securities lowered their price target on the stock from C$8.50 to C$7.00. TD Securities currently has a buy rating on the stock. Superior Plus traded as low as C$6.27 and last traded at C$6.43. Approximately 4,891,240 shares changed hands during mid-day trading, an increase of 474% from the average daily volume of 852,447 shares. The stock had previously closed at C$7.94.

SPB has been the topic of several other reports. National Bank Financial lifted their target price on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Scotiabank decreased their price objective on shares of Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce cut shares of Superior Plus from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$9.00 to C$8.00 in a research report on Friday. Desjardins increased their target price on Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, BMO Capital Markets cut Superior Plus from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$9.00 to C$8.00 in a research report on Friday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$8.66.

Trending Headlines about Superior Plus

Here are the key news stories impacting Superior Plus this week:

• Positive Sentiment: TD Securities cut its price target to C$7.00 but kept a “buy” rating, signaling continued conviction in the name despite the lower target. BayStreet.CA
• Positive Sentiment: BMO Capital Markets and CIBC both set price targets of C$8.00 (roughly ~23.6% above the current price), indicating some analysts still see multi‑quarter upside even as they reduced enthusiasm. BayStreet.CA
• Neutral Sentiment: Trading volume is sharply higher today (several million shares vs ~929k average), which confirms broad investor reaction to the analyst notes and earnings but does not by itself indicate whether selling is finished or accelerating further.
• Negative Sentiment: BMO downgraded SPB from “outperform” to “market perform” and CIBC downgraded from “outperform” to “neutral” — the downgrades remove previous upside momentum and likely contributed to the rapid price decline. BayStreet.CA
• Negative Sentiment: Quarterly results: SPB reported C$0.33 EPS but showed revenue listed as C($3.43)M and thin net margins (1.8%) with modest ROE (4.2%). The mixed/tepid fundamentals likely disappointed some investors and amplified selling pressure. Press Release
• Negative Sentiment: Balance-sheet and valuation risks: SPB shows high leverage (debt-to-equity ~193) and weak liquidity ratios, while the trailing P/E is elevated — factors that increase sensitivity to weaker results and analyst downgrades.

Superior Plus Trading Down 18.4%

The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 92.57 and a beta of 0.49. 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 fifty day moving average of C$7.28 and a two-hundred day moving average of C$7.42.

Superior Plus (TSE:SPB) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.33 EPS for the quarter. The company had revenue of C($3.43) million during the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.

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.