Superior Plus (TSE:SPB) Stock Price Expected to Rise, CIBC Analyst Says

Superior Plus (TSE:SPB) had its target price increased by CIBC from C$9.00 to C$9.50 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 44.16% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. National Bankshares increased their price target on shares of Superior Plus from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a research report on Thursday. BMO Capital Markets raised their target price on Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday. ATB Capital boosted their price target on Superior Plus from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday. Raymond James raised Superior Plus from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 28th. Finally, TD Securities boosted their price objective on Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. Two equities 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 has an average rating of “Moderate Buy” and a consensus target price of C$9.80.

Superior Plus Price Performance

Shares of TSE:SPB opened at C$6.59 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The stock has a market capitalization of C$1.11 billion, a PE ratio of 24.23 and a beta of 0.76. The firm’s 50 day moving average price is C$6.37 and its 200-day moving average price is C$6.65. Superior Plus has a twelve month low of C$5.15 and a twelve month 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.