BMO Capital Markets Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price

Superior Plus (TSE:SPB) had its price target lowered by BMO Capital Markets from C$8.50 to C$6.50 in a report issued on Thursday, BayStreet reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets‘s price objective would indicate a potential upside of 19.49% from the company’s previous close.

A number of other analysts also recently issued reports on SPB. Scotia lifted their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. TD upgraded Superior Plus from a “sell” rating to a “hold” rating and set a C$5.50 target price for the company in a research report on Thursday. Desjardins lowered their target price on Superior Plus from C$8.25 to C$6.50 and set a “hold” rating for the company in a research report on Thursday. ATB Cormark Capital Markets cut their target price on shares of Superior Plus from C$9.00 to C$7.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Raymond James Financial reduced their price target on shares of Superior Plus from C$8.50 to C$7.00 and set a “market perform” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Superior Plus currently has a consensus rating of “Hold” and a consensus target price of C$7.62.

Superior Plus Price Performance

Shares of TSE:SPB traded up C$0.13 during mid-day trading on Thursday, reaching C$5.44. The stock had a trading volume of 1,850,562 shares, compared to its average volume of 860,322. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48. The company has a market cap of C$1.17 billion, a P/E ratio of 544.00 and a beta of 0.31. Superior Plus has a 1 year low of C$5.11 and a 1 year high of C$8.86. The business’s 50 day moving average price is C$6.84 and its 200 day moving average price is C$7.29.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Tuesday, November 10th. The company reported C($0.53) EPS for the quarter. The firm had revenue of C$541.12 million for the quarter. Superior Plus had a negative net margin of 0.15% and a negative return on equity of 0.41%. During the same period in the previous year, the firm posted ($0.47) earnings per share.

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.