Superior Plus (TSE:SPB) Price Target Raised to C$7.50

Superior Plus (TSE:SPB) had its price target lifted by National Bankshares from C$6.50 to C$7.50 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 6.99% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. BMO Capital Markets lifted their target price on shares of Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James upgraded Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th. TD Securities raised their price target on Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Finally, 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 report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Superior Plus currently has an average rating of “Moderate Buy” and an average target price of C$9.80.

Superior Plus Price Performance

TSE SPB traded down C$0.10 on Thursday, reaching C$7.01. 334,794 shares of the company’s stock traded hands, compared to its average volume of 909,555. The stock has a market cap of C$1.18 billion, a PE ratio of 25.77 and a beta of 0.76. Superior Plus has a 12 month low of C$5.15 and a 12 month high of C$9.82. The stock has a 50-day simple moving average of C$6.36 and a 200 day simple moving average of C$6.66. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46.

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.