Superior Plus (TSE:SPB) Price Target Lowered to C$8.00 at ATB Cormark Capital Markets

Superior Plus (TSE:SPB) had its price target decreased by ATB Cormark Capital Markets from C$9.00 to C$8.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 25.20% from the company’s current price.

SPB has been the subject of a number of other research reports. National Bank Financial lowered their price target on Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a report on Monday. TD Securities dropped their price target on Superior Plus from C$8.50 to C$7.00 and set a “buy” rating on the stock in a research report on Friday. Canadian Imperial Bank of Commerce downgraded 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 report on Friday. Raymond James Financial cut shares of Superior Plus from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$9.75 to C$8.50 in a report on Monday. Finally, Desjardins downgraded shares of Superior Plus from a “buy” rating to a “hold” rating and cut their target price for the company from C$8.75 to C$7.00 in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$7.80.

Superior Plus Trading Down 1.4%

Shares of TSE SPB traded down C$0.09 during mid-day trading on Monday, reaching C$6.39. The company had a trading volume of 2,011,652 shares, compared to its average volume of 956,645. The stock has a market cap of C$1.42 billion, a price-to-earnings ratio of 91.29 and a beta of 0.49. Superior Plus has a 52 week low of C$5.85 and a 52 week high of C$8.34. The business’s 50-day moving average is C$7.27 and its 200-day moving average is C$7.43. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35.

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

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.