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

Superior Plus Corp. (TSE:SPB) has received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$8.50.

SPB has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Superior Plus from C$9.00 to C$10.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. Desjardins boosted their price target on Superior Plus from C$7.75 to C$8.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Scotiabank raised their price objective on Superior Plus from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Finally, National Bank Financial lifted their price objective on Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a report on Monday, June 1st.

Insider Activity at Superior Plus

In related news, insider Dale Alan Winger purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$7.65 per share, for a total transaction of C$76,500.00. Following the completion of the transaction, the insider owned 41,000 shares of the company’s stock, valued at approximately C$313,650. This trade represents a 32.26% 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 quarter. 0.54% of the stock is currently owned by company insiders.

Superior Plus Stock Down 3.8%

SPB stock opened at C$7.76 on Friday. Superior Plus has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.86. 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 stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 36.95 and a beta of 0.35. The business’s fifty day moving average price is C$8.08 and its two-hundred day moving average price is C$7.45.

Superior Plus (TSE:SPB) last announced its earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share (EPS) for the quarter. Superior Plus had a net margin of 2.01% and a return on equity of 5.20%. The company had revenue of C$1.25 billion during the quarter.

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.