Superior Plus (TSE:SPB) Upgraded at Scotiabank

Superior Plus (TSE:SPB) was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a C$9.50 price objective on the stock, up from their prior price objective of C$7.50. Scotiabank’s price target suggests a potential upside of 44.82% from the stock’s previous close.

SPB has been the subject of several other research reports. National Bankshares raised their price objective on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets upped their price target 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. ATB Capital upped their price target on Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC raised their target price on shares of Superior Plus from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research note on Thursday. Finally, TD Securities raised their target price on Superior Plus from C$9.00 to C$9.50 and gave the company a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$9.85.

Superior Plus Stock Down 0.5 %

Shares of SPB traded down C$0.03 during midday trading on Monday, reaching C$6.56. The stock had a trading volume of 755,135 shares, compared to its average volume of 929,989. 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 has a 1-year low of C$5.15 and a 1-year high of C$9.78. The company has a market cap of C$1.10 billion, a price-to-earnings ratio of 24.12 and a beta of 0.76. The company’s fifty day simple moving average is C$6.37 and its two-hundred day simple moving average is C$6.64.

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.