Superior Plus (SPB) Price Target Raised to C$13.50
Superior Plus (TSE:SPB) had its price objective lifted by CIBC from C$13.00 to C$13.50 in a report released on Tuesday. CIBC’s price target suggests a potential upside of 13.26% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. Canaccord Genuity reduced their price target on shares of Superior Plus from C$13.25 to C$13.00 in a research report on Wednesday, November 15th. TD Securities boosted their price target on shares of Superior Plus from C$13.00 to C$13.50 and gave the stock a “hold” rating in a research report on Friday, November 10th. Scotiabank boosted their price target on shares of Superior Plus from C$13.75 to C$14.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 9th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$13.00 price target on shares of Superior Plus in a research report on Thursday, September 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$13.75.
Shares of Superior Plus (SPB) traded down C$0.04 on Tuesday, reaching C$11.92. 121,994 shares of the company traded hands, compared to its average volume of 216,527. Superior Plus has a 12 month low of C$10.80 and a 12 month high of C$13.34. The company has a market capitalization of $1,700.00, a PE ratio of -17.28 and a beta of 0.41.
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Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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