ATB Capital Raises Superior Plus (TSE:SPB) Price Target to C$11.00

Superior Plus (TSE:SPB) had its target price hoisted by investment analysts at ATB Capital from C$10.00 to C$11.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s target price points to a potential upside of 66.92% from the stock’s previous close.

SPB has been the topic of several other reports. Raymond James upgraded Superior Plus from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 28th. BMO Capital Markets upped their target price on shares of Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday. TD Securities raised their price target on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. CIBC upped their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, National Bankshares lifted their price objective on Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Superior Plus presently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.80.

Superior Plus Stock Performance

TSE:SPB opened at C$6.59 on Thursday. The business’s fifty day moving average is C$6.37 and its 200 day moving average is C$6.65. The firm has a market cap of C$1.11 billion, a price-to-earnings ratio of 24.23 and a beta of 0.76. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$9.81.

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.