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

Superior Plus Corp. (TSE:SPB) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$9.95.

SPB has been the subject of several analyst reports. CIBC increased their price objective on 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. Desjardins dropped their price target on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. TD Securities upped their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Scotiabank dropped their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets dropped their price target on Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd.

Insider Transactions at Superior Plus

In related news, Director Shawn Bradley Vammen purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of C$6.35 per share, for a total transaction of C$31,750.00. Also, Director Patrick Edward Gottschalk acquired 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average price 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.

Superior Plus Stock Down 0.8 %

Superior Plus stock opened at C$5.97 on Tuesday. The firm’s fifty day moving average is C$6.36 and its 200 day moving average is C$7.09. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$10.36. The company has a market capitalization of C$1.48 billion, a PE ratio of -119.40 and a beta of 0.76. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.37) EPS for the quarter, missing the consensus estimate of C($0.27) by C($0.10). Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. During the same period in the prior year, the company posted ($0.46) EPS.

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.