Superior Plus (TSE:SPB) Given New C$9.00 Price Target at ATB Cormark Capital Markets

Superior Plus (TSE:SPB) had its price target increased by analysts at ATB Cormark Capital Markets from C$8.50 to C$9.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 17.49% from the company’s previous close.

SPB has been the subject of several other research reports. Raymond James Financial lowered shares of Superior Plus from a “moderate buy” rating to a “hold” rating and reduced their price objective for the stock from C$9.75 to C$8.50 in a research note on Monday, February 23rd. Desjardins lowered shares of Superior Plus from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$8.75 to C$7.00 in a research note on Monday, February 23rd. TD Securities lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Scotiabank lowered shares of Superior Plus from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$8.50 to C$6.50 in a research note on Monday, February 23rd. Finally, BMO Capital Markets lowered shares of Superior Plus from an “outperform” rating to a “hold” rating and cut their price target for the company from C$9.00 to C$8.00 in a research note on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$8.11.

Superior Plus Stock Down 1.7%

Shares of SPB traded down C$0.13 during mid-day trading on Friday, hitting C$7.66. The company’s stock had a trading volume of 875,953 shares, compared to its average volume of 1,045,343. The company has a current ratio of 0.95, a quick ratio of 0.46 and a debt-to-equity ratio of 244.09. The firm has a market capitalization of C$1.64 billion, a price-to-earnings ratio of 30.64 and a beta of 0.29. The company’s 50-day moving average is C$6.90 and its 200-day moving average is C$7.14. Superior Plus has a 52-week low of C$6.06 and a 52-week high of C$8.34.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 EPS for the quarter. The firm had revenue of C$1.25 billion during the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%.

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