Analysts Set Superior Plus Corp. (TSE:SPB) PT at C$9.28

Shares of Superior Plus Corp. (TSE:SPB) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$9.28.

Several brokerages have commented on SPB. Scotiabank dropped their price target on shares of Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$8.50 to C$9.00 in a report on Wednesday, December 17th. National Bank Financial raised their price objective on Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. TD Securities upgraded shares of Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Finally, Desjardins boosted their price target on shares of Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a report on Wednesday, February 4th.

Superior Plus Stock Performance

Shares of SPB stock opened at C$7.76 on Friday. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The company’s fifty day moving average price is C$7.21 and its two-hundred day moving average price is C$7.40. The firm has a market capitalization of C$1.73 billion, a P/E ratio of 110.86 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 announced its earnings results on Thursday, November 13th. The company reported C($0.41) earnings per share (EPS) for the quarter. The business had revenue of C$470.64 million for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.

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.