Superior Plus Corp. (TSE:SPB) Stock Has Average Target Price of C$8.60 According to Brokerages

Shares of Superior Plus Corp. (TSE:SPB) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$8.60.

Several research firms have recently commented on SPB. Royal Bank Of Canada lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Scotia raised their target price on Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Finally, Desjardins lifted their target price on Superior Plus from C$8.00 to C$8.75 and gave the company a “hold” rating in a research report on Monday, August 10th.

Superior Plus Stock Down 0.1%

Superior Plus stock opened at C$6.98 on Thursday. 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 193.48, a quick ratio of 0.46 and a current ratio of 0.91. The firm has a 50 day moving average price of C$7.14 and a 200 day moving average price of C$7.49. The company has a market capitalization of C$1.50 billion, a PE ratio of 698.00 and a beta of 0.43.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.