Superior Plus (TSE:SPB) Downgraded to “Hold” Rating by Desjardins

Desjardins lowered shares of Superior Plus (TSE:SPB) from a buy rating to a hold rating in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has C$7.00 target price on the stock, down from their prior target price of C$8.75.

A number of other equities analysts also recently weighed in on SPB. Royal Bank Of Canada reduced their price target on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Monday. Canadian Imperial Bank of Commerce downgraded shares of Superior Plus from an “outperform” rating to a “hold” rating and lowered their price objective for the company from C$9.00 to C$8.00 in a report on Friday. TD Securities reduced their target price on shares of Superior Plus from C$8.50 to C$7.00 and set a “buy” rating for the company in a report on Friday. Scotiabank decreased their target price on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Finally, National Bank Financial lifted their price target on shares of Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$7.80.

Superior Plus Stock Performance

SPB opened at C$6.36 on Monday. The business’s 50-day moving average price is C$7.26 and its two-hundred day moving average price is C$7.43. Superior Plus has a 1 year low of C$5.85 and a 1 year high of C$8.34. The company has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 90.86 and a beta of 0.49. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46.

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. The company had revenue of C($3.43) million during the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.

Key Headlines Impacting Superior Plus

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

• Positive Sentiment: Royal Bank of Canada trimmed its price target to C$10.00 but kept an “outperform” rating (large upside vs. current levels), signaling continued conviction from a major bank. BayStreet.CA
• Positive Sentiment: Stifel Nicolaus lowered its target to C$9.00 but remains a “buy”, indicating some analysts still see substantial upside from here. BayStreet.CA
• Positive Sentiment: ATB Cormark cut its target to C$8.00 but left an “outperform” rating, another vote that some investors may consider selective buying opportunities after the drop. BayStreet.CA
• Neutral Sentiment: Raymond James downgraded SPB from “outperform” to “market perform” and lowered its target to C$8.50 — a cautious stance that reduces conviction but leaves a sizable theoretical upside. BayStreet.CA
• Neutral Sentiment: Desjardins cut the rating from “buy” to “hold” and dropped its target to C$7.00, a modestly less favorable view that is unlikely to spark buying. BayStreet.CA
• Negative Sentiment: Scotiabank downgraded the stock from “outperform” to “sector perform” and cut its target to C$6.50 — a near‑term neutral-to-negative signal with very limited upside, which pressures sentiment. BayStreet.CA
• Negative Sentiment: National Bank Financial lowered its target to C$6.00 and moved to “sector perform” — a price target implying downside from current levels and adding direct downward pressure. BayStreet.CA
• Negative Sentiment: Multiple headlines reported a sharp intraday drawdown (~18–20%) following earlier analyst downgrades, amplifying momentum selling and volatility. These stories reflect and reinforce the market reaction. Superior Plus Stock Price Down 19% Following Analyst Downgrade

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.