Superior Plus (TSE:SPB) Price Target Raised to C$9.75

Superior Plus (TSE:SPB) had its target price hoisted by equities research analysts at Desjardins from C$9.00 to C$9.75 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 36.36% from the stock’s previous close.

SPB has been the topic of a number of other reports. National Bankshares raised their price objective on Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. BMO Capital Markets increased their target price on shares of Superior Plus from C$8.00 to C$10.00 in a report on Friday, October 10th. Scotiabank cut their price target on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. CIBC upgraded Superior Plus from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$8.50 to C$9.00 in a report on Wednesday, December 17th. Finally, TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Superior Plus has a consensus rating of “Moderate Buy” and an average price target of C$9.28.

Superior Plus Stock Performance

Shares of Superior Plus stock traded down C$0.06 during trading hours on Wednesday, reaching C$7.15. The company had a trading volume of 542,832 shares, compared to its average volume of 629,268. The business has a fifty day simple moving average of C$7.18 and a 200 day simple moving average of C$7.38. The firm has a market cap of C$1.59 billion, a PE ratio of 102.14 and a beta of 0.49. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. Superior Plus has a one year low of C$5.84 and a one year high of C$8.34.

Superior Plus (TSE:SPB) last announced its earnings results on Thursday, November 13th. The company reported C($0.41) earnings per share for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.The business had revenue of C$470.64 million during the quarter.

About Superior Plus

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.