Superior Plus Corp. (TSE:SPB) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Superior Plus Corp. (TSE:SPB) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$9.28.

Several research analysts have weighed in on the stock. National Bankshares upped their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$8.50 to C$9.00 in a research report on Wednesday, December 17th. TD Securities raised shares of Superior Plus from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Scotiabank cut their price target on Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. Finally, BMO Capital Markets increased their price objective on Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th.

Superior Plus Stock Down 0.3%

Shares of TSE:SPB opened at C$7.21 on Tuesday. 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$5.77 and a 52-week high of C$8.34. The business’s 50 day simple moving average is C$7.24 and its two-hundred day simple moving average is C$7.46. The firm has a market cap of C$1.61 billion, a P/E ratio of 103.00 and a beta of 0.37.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, November 13th. The company reported C($0.41) EPS for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%. The firm had revenue of C$470.64 million for the quarter.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.