Superior Plus (TSE:SPB) Rating Increased to Moderate Buy at Raymond James

Raymond James upgraded shares of Superior Plus (TSE:SPB) from a hold rating to a moderate buy rating in a report issued on Friday,Zacks.com reports. Raymond James also issued estimates for Superior Plus’ Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.31) EPS, Q4 2025 earnings at $0.34 EPS and FY2026 earnings at $0.48 EPS.

SPB has been the topic of several other research reports. TD Securities raised their price objective on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. CIBC raised their price target 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. Cibc World Mkts raised shares of Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Scotiabank decreased their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$9.95.

Superior Plus Stock Performance

Shares of SPB opened at C$6.84 on Friday. Superior Plus has a 1 year low of C$5.15 and a 1 year high of C$10.36. The company’s 50 day simple moving average is C$6.21 and its 200 day simple moving average is C$6.83. The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 25.15 and a beta of 0.76. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67.

Insider Activity at Superior Plus

In related news, Senior Officer Natasha Anne Cherednichenko acquired 4,800 shares of Superior Plus stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of C$6.13 per share, for a total transaction of C$29,445.12. 0.54% of the stock is currently owned by insiders.

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.