Superior Plus (TSE:SPB) Stock Gets Price Target Trim from TD

Superior Plus (TSE:SPB) had its price target decreased by TD from C$8.00 to C$7.50 in a research note published on Tuesday,BayStreet reports.

Several other research analysts have also weighed in on SPB. Royal Bank Of Canada lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Desjardins increased their price objective on Superior Plus from C$8.00 to C$8.75 and gave the company a “hold” rating in a report on Monday, August 10th. Finally, Scotia raised their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Superior Plus currently has a consensus rating of “Hold” and an average target price of C$8.56.

Superior Plus Stock Performance

SPB opened at C$6.71 on Tuesday. Superior Plus has a 52-week low of C$6.06 and a 52-week high of C$8.86. The firm has a market capitalization of C$1.44 billion, a PE ratio of 671.00 and a beta of 0.43. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. The business’s 50-day simple moving average is C$7.08 and its 200 day simple moving average is C$7.51.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.