Superior Plus Corp. (TSE:SPB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Superior Plus Corp. (TSE:SPB) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$9.28.

Several equities analysts have recently weighed in on SPB shares. BMO Capital Markets lifted their price target on Superior Plus from C$8.00 to C$10.00 in a research report on Friday, October 10th. TD Securities raised Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Scotiabank decreased their price target on Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. National Bankshares raised their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Finally, CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$8.50 to C$9.00 in a research note on Wednesday, December 17th.

Superior Plus Stock Performance

TSE SPB opened at C$7.39 on Tuesday. The firm has a market cap of C$1.65 billion, a P/E ratio of 105.57 and a beta of 0.37. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The company’s 50 day moving average is C$7.19 and its 200-day moving average is C$7.45. Superior Plus has a 12-month low of C$5.77 and a 12-month high of C$8.34.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, November 13th. The company reported C($0.41) earnings per share for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%. The business had revenue of C$470.64 million during the quarter.

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.