Superior Plus (TSE:SPB) Price Target Cut to C$9.00 by Analysts at Stifel Nicolaus

Superior Plus (TSE:SPB) had its price objective cut by research analysts at Stifel Nicolaus from C$10.00 to C$9.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 40.85% from the company’s previous close.

Several other research firms have also weighed in on SPB. National Bank Financial lifted their target price on shares of Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. BMO Capital Markets cut shares of Superior Plus from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$9.00 to C$8.00 in a report on Friday. Royal Bank Of Canada decreased their price objective on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday. Desjardins lowered shares of Superior Plus from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$8.75 to C$7.00 in a research note on Monday. Finally, TD Securities cut their price target on Superior Plus from C$8.50 to C$7.00 and set a “buy” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$7.80.

Superior Plus Stock Performance

Shares of SPB stock traded down C$0.09 on Monday, hitting C$6.39. The company had a trading volume of 2,011,652 shares, compared to its average volume of 956,645. Superior Plus has a twelve month low of C$5.85 and a twelve month high of C$8.34. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The firm has a market cap of C$1.42 billion, a P/E ratio of 91.29 and a beta of 0.49. The company has a 50-day moving average price of C$7.27 and a 200-day moving average price of C$7.43.

Superior Plus (TSE:SPB) last posted its earnings results on Thursday, February 19th. The company reported C$0.33 EPS for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.The firm had revenue of C($3.43) million for the quarter.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.