Superior Plus Corp. (TSE:SPB) Receives Consensus Rating of “Hold” from Brokerages

Superior Plus Corp. (TSE:SPB) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$8.60.

SPB has been the subject of several recent research reports. Desjardins boosted their target price on shares of Superior Plus from C$8.00 to C$8.75 and gave the stock a “hold” rating in a research report on Monday, August 10th. Scotia lifted their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Royal Bank Of Canada cut shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Monday, August 10th. Finally, National Bank Financial increased their target price on shares of Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Monday, June 1st.

Superior Plus Trading Down 1.7%

TSE:SPB opened at C$7.09 on Friday. The stock’s 50 day moving average price is C$7.45 and its 200 day moving average price is C$7.47. Superior Plus has a 52 week low of C$6.06 and a 52 week high of C$8.86. The company has a market capitalization of C$1.52 billion, a P/E ratio of 709.00 and a beta of 0.32. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.