Superior Plus (TSE:SPB) Downgraded to Hold Rating by TD Securities

Superior Plus (TSE:SPB) was downgraded by stock analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, MarketBeat Ratings reports. They currently have a C$8.50 price objective on the stock, down from their prior price objective of C$9.50. TD Securities’ target price suggests a potential upside of 15.18% from the stock’s previous close.

SPB has been the subject of several other research reports. BMO Capital Markets boosted their price target on Superior Plus from C$9.00 to C$10.00 in a research note on Thursday, May 22nd. Scotiabank upgraded Superior Plus from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$7.50 to C$9.50 in a research note on Monday, April 7th. ATB Capital boosted their price target on Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Raymond James Financial decreased their price target on 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. Finally, Desjardins boosted their price target on Superior Plus from C$9.25 to C$10.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Two 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$9.95.

Superior Plus Trading Down 1.3%

TSE SPB opened at C$7.38 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. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$8.34. The firm has a market capitalization of C$1.24 billion, a PE ratio of 27.13 and a beta of 0.76. The stock’s 50 day moving average is C$7.92 and its 200 day moving average is C$6.96.

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.