Brokerages Set Superior Plus Corp. (TSE:SPB) PT at C$7.80

Superior Plus Corp. (TSE:SPB) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$7.80.

SPB has been the topic of several analyst reports. Raymond James Financial downgraded Superior Plus from a “moderate buy” rating to a “hold” rating and dropped their target price for the company from C$9.75 to C$8.50 in a report on Monday, February 23rd. BMO Capital Markets downgraded shares of Superior Plus from an “outperform” rating to a “hold” rating and lowered their price objective for the company from C$9.00 to C$8.00 in a research report on Friday, February 20th. ATB Cormark Capital Markets dropped their price objective on shares of Superior Plus from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Desjardins cut shares of Superior Plus from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$8.75 to C$7.00 in a research report on Monday, February 23rd. Finally, TD Securities downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd.

Superior Plus Stock Down 0.8%

Shares of TSE SPB opened at C$6.59 on Wednesday. The stock has a fifty day moving average price of C$7.17 and a 200 day moving average price of C$7.40. The company has a current ratio of 0.95, a quick ratio of 0.46 and a debt-to-equity ratio of 244.09. Superior Plus has a 12-month low of C$6.06 and a 12-month high of C$8.34. The company has a market cap of C$1.44 billion, a P/E ratio of 26.36 and a beta of 0.30.

Superior Plus (TSE:SPB) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.33 EPS for the quarter. Superior Plus had a return on equity of 8.15% and a net margin of 2.86%.The company had revenue of C($3.43) million for the quarter.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.