Superior Plus (TSE:SPB) Price Target Raised to C$9.50

Superior Plus (TSE:SPB) had its price target hoisted by stock analysts at TD Securities from C$9.00 to C$9.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 35.52% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Raymond James raised shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 28th. ATB Capital upped their price objective on shares of Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday. National Bankshares raised their target price on Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a report on Thursday. BMO Capital Markets raised their price objective on Superior Plus from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, CIBC upped their target price on Superior Plus from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$9.80.

Superior Plus Stock Down 1.4 %

SPB traded down C$0.10 during trading on Thursday, reaching C$7.01. 334,794 shares of the stock traded hands, compared to its average volume of 909,555. The stock’s 50-day simple moving average is C$6.36 and its two-hundred day simple moving average is C$6.66. 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 fifty-two week low of C$5.15 and a fifty-two week high of C$9.82. The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of 25.77 and a beta of 0.76.

Superior Plus Company Profile

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.