Superior Plus Corp. (TSE:SPB) Stock Rated “Hold” by Sell-Side Analysts

Shares of Superior Plus Corp. (TSE:SPB) have earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$8.60.

Several equities research analysts recently commented on SPB shares. Royal Bank Of Canada cut Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Scotia boosted their target price on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. National Bank Financial upped their target price on shares of Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Finally, Desjardins upped their target price on shares of Superior Plus from C$8.00 to C$8.75 and gave the company a “hold” rating in a research note on Monday, August 10th.

Superior Plus Stock Performance

Shares of SPB opened at C$7.21 on Friday. The business’s fifty day simple moving average is C$7.47 and its two-hundred day simple moving average is C$7.47. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48. Superior Plus has a 12 month low of C$6.06 and a 12 month high of C$8.86. The company has a market cap of C$1.55 billion, a price-to-earnings ratio of 721.00 and a beta of 0.32.

About Superior Plus

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.