Superior Plus (TSE:SPB) Stock Price Expected to Rise, National Bank Financial Analyst Says

Superior Plus (TSE:SPB) had its target price upped by equities researchers at National Bank Financial from C$6.00 to C$7.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential downside of 2.09% from the company’s current price.

SPB has been the topic of several other research reports. Desjardins lifted their price objective on Superior Plus from C$7.00 to C$7.75 and gave the company a “hold” rating in a report on Friday. Canadian Imperial Bank of Commerce upgraded Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. TD lifted their price objective on Superior Plus from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday. Royal Bank Of Canada dropped their target price on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Finally, BMO Capital Markets lowered Superior Plus from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$9.00 to C$8.00 in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Superior Plus has an average rating of “Hold” and a consensus price target of C$8.11.

Superior Plus Stock Down 1.7%

Shares of TSE:SPB traded down C$0.13 during trading on Friday, hitting C$7.66. 875,953 shares of the company’s stock traded hands, compared to its average volume of 1,045,343. Superior Plus has a 52 week low of C$6.06 and a 52 week high of C$8.34. The company has a current ratio of 0.95, a quick ratio of 0.46 and a debt-to-equity ratio of 244.09. The company has a market cap of C$1.64 billion, a price-to-earnings ratio of 30.64 and a beta of 0.29. The company has a 50-day moving average price of C$6.90 and a 200-day moving average price of C$7.14.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a return on equity of 6.95% and a net margin of 2.49%.The business had revenue of C$1.25 billion for 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.