Superior Plus (TSE:SPB) PT Set at C$6.50 by National Bank Financial

Superior Plus (TSE:SPB) received a C$6.50 price objective from analysts at National Bank Financial in a report issued on Thursday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 19.49% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Scotia upped their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Royal Bank Of Canada lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 10th. Desjardins cut their price target on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a report on Monday, October 26th. TD downgraded Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price objective for the company. in a research report on Thursday, November 5th. Finally, TD Securities lowered Superior Plus from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Superior Plus has a consensus rating of “Hold” and a consensus target price of C$7.62.

Superior Plus Stock Performance

Shares of Superior Plus stock traded up C$0.13 during midday trading on Thursday, hitting C$5.44. The company had a trading volume of 1,850,562 shares, compared to its average volume of 860,322. 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 simple moving average is C$6.84 and its two-hundred day simple moving average is C$7.29. The stock has a market cap of C$1.17 billion, a PE ratio of 544.00 and a beta of 0.31. The company has a debt-to-equity ratio of 193.48, a current ratio of 0.91 and a quick ratio of 0.46.

Superior Plus (TSE:SPB) last issued its quarterly earnings results on Tuesday, November 10th. The company reported C($0.53) earnings per share for the quarter. The company had revenue of C$541.12 million during 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 business 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.