BMO Capital Markets Forecasts Strong Price Appreciation for Superior Plus (TSE:SPB) Stock

Superior Plus (TSE:SPB) had its price objective upped by research analysts at BMO Capital Markets from C$8.00 to C$10.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 27.06% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Desjardins decreased their target price on shares of Superior Plus from C$10.50 to C$9.75 and set a “buy” rating for the company in a report on Wednesday, August 13th. TD Securities lifted their target price on shares of Superior Plus from C$8.00 to C$9.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Raymond James Financial decreased their target price on shares of Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating for the company in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Superior Plus currently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.53.

Superior Plus Stock Down 1.5%

Superior Plus stock opened at C$7.87 on Friday. The firm has a 50 day moving average price of C$7.45 and a 200-day moving average price of C$7.41. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$8.34. The company has a market capitalization of C$1.75 billion, a P/E ratio of 37.48 and a beta of 0.21. 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 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.