TD Securities Cuts Superior Plus (TSE:SPB) Price Target to C$7.00

Superior Plus (TSE:SPB) had its target price lowered by TD Securities from C$8.50 to C$7.00 in a research note released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

SPB has been the topic of a number of other research reports. National Bank Financial boosted their target price on shares of 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 lowered Superior Plus from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$9.00 to C$8.00 in a research note on Friday. Canadian Imperial Bank of Commerce cut Superior Plus from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$9.00 to C$8.00 in a report on Friday. Scotiabank cut their target price on Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. Finally, Desjardins upped their price target on Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$8.66.

Superior Plus Stock Performance

TSE SPB opened at C$6.48 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The company has a fifty day simple moving average of C$7.27 and a 200 day simple moving average of C$7.43. The company has a market cap of C$1.44 billion, a P/E ratio of 92.57 and a beta of 0.49. Superior Plus has a 12-month low of C$5.85 and a 12-month high of C$8.34.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm had revenue of C($3.43) million for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%.

Trending Headlines about Superior Plus

Here are the key news stories impacting Superior Plus this week:

• Positive Sentiment: TD Securities cut its price target to C$7.00 but kept a “buy” rating, signaling continued conviction in the name despite the lower target. BayStreet.CA
• Positive Sentiment: BMO Capital Markets and CIBC both set price targets of C$8.00 (roughly ~23.6% above the current price), indicating some analysts still see multi‑quarter upside even as they reduced enthusiasm. BayStreet.CA
• Neutral Sentiment: Trading volume is sharply higher today (several million shares vs ~929k average), which confirms broad investor reaction to the analyst notes and earnings but does not by itself indicate whether selling is finished or accelerating further.
• Negative Sentiment: BMO downgraded SPB from “outperform” to “market perform” and CIBC downgraded from “outperform” to “neutral” — the downgrades remove previous upside momentum and likely contributed to the rapid price decline. BayStreet.CA
• Negative Sentiment: Quarterly results: SPB reported C$0.33 EPS but showed revenue listed as C($3.43)M and thin net margins (1.8%) with modest ROE (4.2%). The mixed/tepid fundamentals likely disappointed some investors and amplified selling pressure. Press Release
• Negative Sentiment: Balance-sheet and valuation risks: SPB shows high leverage (debt-to-equity ~193) and weak liquidity ratios, while the trailing P/E is elevated — factors that increase sensitivity to weaker results and analyst downgrades.

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.