Superior Plus (TSE:SPB) Stock Gets Price Target Cut from TD

Superior Plus (TSE:SPB) had its price objective decreased by equities research analysts at TD from C$8.00 to C$7.50 in a research report issued on Tuesday, BayStreet reports. TD’s price objective would suggest a potential upside of 7.76% from the company’s previous close.

A number of other equities analysts also recently issued reports on SPB. Scotia lifted their price target on 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. Desjardins boosted their price objective on Superior Plus from C$8.00 to C$8.75 and gave the stock a “hold” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Monday, August 10th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$8.56.

Superior Plus Stock Up 0.3%

Shares of SPB traded up C$0.02 on Tuesday, reaching C$6.96. The company’s stock had a trading volume of 199,459 shares, compared to its average volume of 841,617. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48. Superior Plus has a twelve month low of C$6.06 and a twelve month high of C$8.86. The stock has a market capitalization of C$1.49 billion, a PE ratio of 696.00 and a beta of 0.43. The firm has a fifty day moving average of C$7.13 and a 200-day moving average of C$7.50.

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.