Superior Plus (TSE:SPB) Rating Lowered to Hold at BMO Capital Markets

Superior Plus (TSE:SPB) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “hold” rating in a research report issued on Friday, Marketbeat.com reports. They currently have a C$8.00 target price on the stock, down from their prior target price of C$9.00. BMO Capital Markets’ price target points to a potential upside of 23.46% from the stock’s current price.

Several other research firms also recently weighed in on SPB. TD Securities raised Superior Plus from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Desjardins upped their target price on Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce cut Superior Plus from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$9.00 to C$8.00 in a research report on Friday. National Bank Financial boosted 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 research report on Wednesday, December 17th. Finally, Scotiabank lowered their price objective on shares of Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$8.66.

Superior Plus Stock Down 18.4%

SPB stock opened at C$6.48 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The company’s 50-day moving average price is C$7.27 and its 200 day moving average price is C$7.42. Superior Plus has a 52 week low of C$5.85 and a 52 week high of C$8.34. The company has a market cap of C$1.44 billion, a P/E ratio of 92.57 and a beta of 0.49.

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

More Superior Plus News

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 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.