Superior Plus (TSE:SPB – Get Free Report) had its target price cut by analysts at TD Securities from C$10.00 to C$9.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 21.13% from the stock’s current price.
Several other brokerages also recently weighed in on SPB. Cibc World Mkts downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. National Bank Financial lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Desjardins dropped their target price on Superior Plus from C$13.50 to C$11.50 and set a “buy” rating for the company in a research report on Thursday, July 18th. Stifel Nicolaus reduced their price target on Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Finally, CIBC cut Superior Plus from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$14.00 to C$10.00 in a report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$10.27.
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Superior Plus Stock Up 1.1 %
Superior Plus (TSE:SPB – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The company had revenue of C$578.62 million for the quarter, compared to analysts’ expectations of C$710.53 million. Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%.
Superior Plus Company Profile
Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.
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