Superior Plus (TSE:SPB) Shares Down 18% on Analyst Downgrade

Superior Plus Corp. (TSE:SPB) shares fell 18% on Friday after TD Securities lowered their price target on the stock from C$8.50 to C$7.00. TD Securities currently has a buy rating on the stock. Superior Plus traded as low as C$6.27 and last traded at C$6.51. 4,253,961 shares were traded during trading, an increase of 424% from the average session volume of 811,741 shares. The stock had previously closed at C$7.94.

SPB has been the subject of several other reports. Scotiabank reduced their price objective on Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. National Bank Financial boosted their price target on Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Desjardins increased their price target on Superior Plus from C$9.00 to C$9.75 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. BMO Capital Markets cut shares of Superior Plus from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$9.00 to C$8.00 in a research note on Friday. Finally, Canadian Imperial Bank of Commerce downgraded shares of Superior Plus from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$9.00 to C$8.00 in a report on Friday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$8.66.

Superior Plus News Roundup

Here are the key news stories impacting Superior Plus this week:

• Positive Sentiment: TD Securities cut its price target to C$7.00 but kept a “buy” rating, signaling continued conviction in the name despite the lower target. BayStreet.CA
• Positive Sentiment: BMO Capital Markets and CIBC both set price targets of C$8.00 (roughly ~23.6% above the current price), indicating some analysts still see multi‑quarter upside even as they reduced enthusiasm. BayStreet.CA
• Neutral Sentiment: Trading volume is sharply higher today (several million shares vs ~929k average), which confirms broad investor reaction to the analyst notes and earnings but does not by itself indicate whether selling is finished or accelerating further.
• Negative Sentiment: BMO downgraded SPB from “outperform” to “market perform” and CIBC downgraded from “outperform” to “neutral” — the downgrades remove previous upside momentum and likely contributed to the rapid price decline. BayStreet.CA
• Negative Sentiment: Quarterly results: SPB reported C$0.33 EPS but showed revenue listed as C($3.43)M and thin net margins (1.8%) with modest ROE (4.2%). The mixed/tepid fundamentals likely disappointed some investors and amplified selling pressure. Press Release
• Negative Sentiment: Balance-sheet and valuation risks: SPB shows high leverage (debt-to-equity ~193) and weak liquidity ratios, while the trailing P/E is elevated — factors that increase sensitivity to weaker results and analyst downgrades.

Superior Plus Trading Down 18.4%

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$1.44 billion, a P/E ratio of 92.57 and a beta of 0.49. The firm’s 50-day simple moving average is C$7.27 and its 200 day simple moving average is C$7.42.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.33 earnings per share for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%. The company had revenue of C($3.43) million during the quarter.

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