Superior Plus (TSE:SPB) Stock Price Target Lowered at Raymond James Financial

Superior Plus (TSE:SPB) had its target price cut by research analysts at Raymond James Financial from C$8.50 to C$7.00 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial‘s price objective indicates a potential upside of 28.68% from the stock’s current price.

SPB has been the topic of several other research reports. Scotia boosted their price objective on shares of 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. National Bank Financial set a C$6.50 target price on shares of Superior Plus and gave the company a “sector perform” rating in a research note on Thursday. TD Securities lowered shares of Superior Plus from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 4th. TD raised Superior Plus from a “sell” rating to a “hold” rating and set a C$5.50 price target on the stock in a research report on Thursday. Finally, Royal Bank Of Canada cut Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$7.62.

Superior Plus Stock Up 2.4%

Superior Plus stock traded up C$0.13 on Thursday, hitting C$5.44. 1,850,562 shares of the stock traded hands, compared to its average volume of 860,322. Superior Plus has a 1 year low of C$5.11 and a 1 year high of C$8.86. The firm has a market cap of C$1.17 billion, a P/E ratio of 544.00 and a beta of 0.31. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48. The business’s fifty day simple moving average is C$6.84 and its 200 day simple moving average is C$7.29.

Superior Plus (TSE:SPB) last released its earnings results on Tuesday, November 10th. The company reported C($0.53) earnings per share for the quarter. The business had revenue of C$541.12 million during the quarter. Superior Plus had a negative return on equity of 0.41% and a negative net margin of 0.15%. During the same quarter in the previous year, the company earned ($0.47) earnings per share.

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.