TD Securities Boosts Superior Plus (TSE:SPB) Price Target to C$9.00

Superior Plus (TSE:SPB) had its price objective hoisted by stock analysts at TD Securities from C$7.50 to C$9.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 35.54% from the stock’s current price.

Other analysts have also issued reports about the stock. Scotiabank reduced their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. CIBC upgraded shares of Superior Plus from a “neutral” rating to an “outperform” rating and cut their price target for the stock from C$9.50 to C$8.50 in a research note on Friday, November 8th. Stifel Nicolaus cut their price target on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. National Bankshares cut their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Finally, ATB Capital cut their price target on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Superior Plus currently has a consensus rating of “Moderate Buy” and an average target price of C$10.05.

Superior Plus Stock Down 3.5 %

Shares of SPB opened at C$6.64 on Thursday. The firm has a market cap of C$1.65 billion, a P/E ratio of -132.80 and a beta of 0.76. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$10.36. The company’s 50-day moving average price is C$6.83 and its 200 day moving average price is C$7.91. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90.

Insider Transactions at Superior Plus

In other Superior Plus news, Director Shawn Bradley Vammen purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$6.35 per share, with a total value of C$31,750.00. Also, Director Patrick Edward Gottschalk purchased 100,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of C$6.32 per share, with a total value of C$632,150.40. Corporate insiders own 0.54% of the company’s stock.

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.