Brokerages Set Superior Plus Corp. (TSE:SPB) Target Price at C$9.95

Superior Plus Corp. (TSE:SPB) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$9.95.

A number of research analysts have weighed in on the stock. CIBC raised their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Raymond James raised shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 28th. Finally, TD Securities lifted their price target on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th.

Superior Plus Trading Down 1.5 %

SPB stock opened at C$6.59 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$10.36. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 24.23 and a beta of 0.76. The business’s 50-day moving average is C$6.30 and its 200 day moving average is C$6.72.

Superior Plus Company Profile

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.