Superior Plus Corp. (TSE:SPB) Receives C$9.28 Consensus Price Target from Analysts

Superior Plus Corp. (TSE:SPB) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$9.28.

SPB has been the subject of several analyst reports. Desjardins boosted their price target on shares of Superior Plus from C$9.00 to C$9.75 and gave the stock a “buy” rating in a report on Wednesday, February 4th. National Bank Financial lifted their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. TD Securities raised Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Scotiabank cut their price target on Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. Finally, Canadian Imperial Bank of Commerce raised Superior Plus from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$8.50 to C$9.00 in a report on Wednesday, December 17th.

Superior Plus Price Performance

Shares of TSE SPB opened at C$7.58 on Friday. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The company has a market cap of C$1.69 billion, a price-to-earnings ratio of 108.29 and a beta of 0.49. The stock’s 50-day moving average is C$7.19 and its two-hundred day moving average is C$7.39. Superior Plus has a 1-year low of C$5.85 and a 1-year high of C$8.34.

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

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.