Royal Bank Of Canada Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price

Superior Plus (TSE:SPB) had its target price decreased by Royal Bank Of Canada from C$11.00 to C$10.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 56.49% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Canadian Imperial Bank of Commerce downgraded shares of Superior Plus from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$9.00 to C$8.00 in a research report on Friday. Desjardins increased their price objective on shares of Superior Plus from C$9.00 to C$9.75 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. TD Securities decreased their price target on shares of Superior Plus from C$8.50 to C$7.00 and set a “buy” rating for the company in a research report on Friday. Scotiabank lowered their price target on Superior Plus from C$10.00 to C$8.50 in a report on Monday, November 17th. Finally, National Bank Financial boosted their price objective on Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$7.80.

Superior Plus Trading Down 1.4%

Shares of SPB stock traded down C$0.09 on Monday, reaching C$6.39. 2,011,652 shares of the stock were exchanged, compared to its average volume of 956,645. Superior Plus has a 1-year low of C$5.85 and a 1-year high of C$8.34. The stock has a market cap of C$1.42 billion, a P/E ratio of 91.29 and a beta of 0.49. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The firm has a 50 day moving average of C$7.27 and a two-hundred day moving average of C$7.43.

Superior Plus (TSE:SPB) last announced 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.