Superior Plus (TSE:SPB) PT Lowered to C$9.00

Superior Plus (TSE:SPB) had its target price reduced by equities researchers at BMO Capital Markets from C$10.00 to C$9.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 30.43% from the stock’s previous close.

Several other brokerages have also weighed in on SPB. Scotiabank cut their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, August 19th. Cibc World Mkts lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Cormark lowered their price target on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. National Bankshares reduced their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Finally, ATB Capital lowered their target price on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$10.18.

Superior Plus Stock Performance

SPB stock opened at C$6.90 on Tuesday. The company has a 50 day moving average price of C$7.61 and a 200 day moving average price of C$8.52. Superior Plus has a fifty-two week low of C$6.89 and a fifty-two week high of C$10.36. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. The stock has a market capitalization of C$1.72 billion, a PE ratio of -141.00 and a beta of 0.76.

Superior Plus (TSE:SPB) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.19) by C($0.08). The firm had revenue of C$578.62 million for the quarter, compared to analyst estimates of C$710.53 million. Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%.

About Superior Plus

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.