Superior Plus Corp. (TSE:SPB) Receives Average Rating of “Moderate Buy” from Analysts

Superior Plus Corp. (TSE:SPB) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$9.85.

A number of equities research analysts recently weighed in on SPB shares. Raymond James raised shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 28th. ATB Capital boosted their target price on Superior Plus from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, April 3rd. National Bankshares raised their price target on Superior Plus from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a research note on Thursday, April 3rd. BMO Capital Markets lifted their price target on Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Finally, TD Securities increased their price objective on Superior Plus from C$9.00 to C$9.50 and gave the company a “buy” rating in a report on Thursday, April 3rd.

Superior Plus Stock Up 3.6%

Shares of TSE:SPB opened at C$7.52 on Thursday. The firm has a 50 day simple moving average of C$6.72 and a 200-day simple moving average of C$6.48. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$9.60. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The company has a market capitalization of C$1.27 billion, a PE ratio of 27.65 and a beta of 0.76.

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.