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

Superior Plus Corp. (TSE:SPB) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$10.05.

SPB has been the subject of several research reports. Scotiabank raised shares of Superior Plus from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$7.50 to C$9.50 in a research report on Monday, April 7th. TD Securities lifted their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock a “buy” rating in a report on Thursday, April 3rd. CIBC lifted their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Desjardins lifted their price objective on shares of Superior Plus from C$9.25 to C$10.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Finally, Raymond James cut their price objective on shares of Superior Plus from C$11.50 to C$10.50 and set an “outperform” rating on the stock in a report on Thursday, May 22nd.

Superior Plus Stock Performance

TSE SPB opened at C$7.84 on Monday. The company has a fifty day simple moving average of C$7.14 and a 200 day simple moving average of C$6.63. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$9.33. 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 cap of C$1.32 billion, a P/E ratio of 28.83 and a beta of 0.76.

About Superior Plus

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.