Raymond James Financial Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price

Superior Plus (TSE:SPB) had its price objective decreased by analysts at Raymond James Financial from C$8.50 to C$7.00 in a research report issued on Thursday, BayStreet reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial‘s price objective would suggest a potential upside of 28.68% from the company’s current price.

SPB has been the subject of several other research reports. Desjardins decreased their price target on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a research note on Monday, October 26th. TD Securities downgraded Superior Plus from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 4th. National Bank Financial set a C$6.50 price objective on Superior Plus and gave the company a “sector perform” rating in a research report on Thursday. Royal Bank Of Canada downgraded Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Monday, August 10th. Finally, Scotia boosted their target price on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Superior Plus has an average rating of “Hold” and a consensus target price of C$7.62.

Superior Plus Stock Up 2.4%

TSE SPB traded up C$0.13 during mid-day trading on Thursday, reaching C$5.44. The stock had a trading volume of 1,850,562 shares, compared to its average volume of 860,322. Superior Plus has a 1 year low of C$5.11 and a 1 year high of C$8.86. The stock has a market cap of C$1.17 billion, a PE ratio of 544.00 and a beta of 0.31. The company has a fifty day moving average price of C$6.84 and a 200 day moving average price of C$7.29. The company has a debt-to-equity ratio of 193.48, a current ratio of 0.91 and a quick ratio of 0.46.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Tuesday, November 10th. The company reported C($0.53) earnings per share (EPS) for the quarter. Superior Plus had a negative net margin of 0.15% and a negative return on equity of 0.41%. The business had revenue of C$541.12 million during the quarter. During the same quarter in the previous year, the business earned ($0.47) earnings per share.

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.