TD Securities Upgrades Superior Plus (TSE:SPB) to “Buy”

Superior Plus (TSE:SPB) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Monday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Raymond James Financial decreased their price objective on Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating for the company in a research report on Thursday, August 14th. Desjardins decreased their price target on shares of Superior Plus from C$10.50 to C$9.75 and set a “buy” rating for the company in a report on Wednesday, August 13th. CIBC dropped their price objective on shares of Superior Plus from C$9.00 to C$8.50 in a research note on Friday. Finally, BMO Capital Markets upped their price target on shares of Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Superior Plus has a consensus rating of “Moderate Buy” and a consensus price target of C$9.28.

Superior Plus Trading Up 5.4%

Superior Plus stock traded up C$0.34 during midday trading on Monday, reaching C$6.63. The stock had a trading volume of 2,286,274 shares, compared to its average volume of 793,440. Superior Plus has a twelve month low of C$5.77 and a twelve month high of C$8.34. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The firm has a market cap of C$1.48 billion, a price-to-earnings ratio of 94.71 and a beta of 0.18. The firm’s fifty day simple moving average is C$7.83 and its two-hundred day simple moving average is C$7.63.

Superior Plus (TSE:SPB) last released its earnings results on Thursday, November 13th. The company reported C($0.47) earnings per share (EPS) for the quarter. The business had revenue of C$470.64 million during the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%.

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.