Superior Plus Corp. (TSE:SPB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have been given an average rating of “Moderate Buy” by the twelve research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$10.05.

SPB has been the subject of several research reports. National Bankshares upped their price objective on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research note on Thursday, April 3rd. ATB Capital upped their price objective on shares of Superior Plus from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Raymond James Financial dropped their price objective on shares of Superior Plus from C$11.50 to C$10.50 and set an “outperform” rating for the company in a research note on Thursday, May 22nd. BMO Capital Markets upped their price objective on shares of Superior Plus from C$9.00 to C$10.00 in a research note on Thursday, May 22nd. Finally, Desjardins upped their price objective on shares of Superior Plus from C$9.25 to C$10.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd.

Superior Plus Stock Down 1.2%

SPB stock opened at C$7.96 on Friday. The stock has a market capitalization of C$1.34 billion, a P/E ratio of 29.27 and a beta of 0.76. The firm has a 50-day simple moving average of C$7.55 and a 200-day simple moving average of C$6.78. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$9.05.

Superior Plus Company Profile

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.