Superior Plus (TSE:SPB) Price Target Cut to C$7.50 by Analysts at TD

Superior Plus (TSE:SPB) had its target price lowered by equities researchers at TD from C$8.00 to C$7.50 in a research report issued on Tuesday, BayStreet reports. TD’s price objective indicates a potential upside of 7.76% from the company’s previous close.

Several other analysts also recently commented on the company. Desjardins raised their target price on 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. Royal Bank Of Canada lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Finally, Scotia upped their price target on Superior Plus from C$8.50 to C$9.00 and gave the stock 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Superior Plus has a consensus rating of “Hold” and an average target price of C$8.56.

Superior Plus Stock Up 0.3%

SPB traded up C$0.02 during midday trading on Tuesday, hitting C$6.96. The company had a trading volume of 199,459 shares, compared to its average volume of 841,617. Superior Plus has a 52 week low of C$6.06 and a 52 week high of C$8.86. The company has a quick ratio of 0.46, a current ratio of 0.91 and a debt-to-equity ratio of 193.48. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 696.00 and a beta of 0.43. The stock’s 50 day moving average price is C$7.13 and its 200 day moving average price is C$7.50.

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.