Superior Plus (TSE:SPB) Downgraded to Market Perform Rating by Raymond James Financial

Raymond James Financial cut shares of Superior Plus (TSE:SPB) from an outperform rating to a market perform rating in a research report sent to investors on Monday,BayStreet.CA reports. They currently have C$8.50 price target on the stock, down from their previous price target of C$9.75.

A number of other research firms have also recently weighed in on SPB. Royal Bank Of Canada lowered their price target on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday. TD Securities decreased their price objective on shares of Superior Plus from C$8.50 to C$7.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus lowered their target price on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Monday. Desjardins downgraded shares of Superior Plus from a “buy” rating to a “hold” rating and reduced their price target for the company from C$8.75 to C$7.00 in a research report on Monday. Finally, Canadian Imperial Bank of Commerce lowered Superior Plus from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$9.00 to C$8.00 in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$7.80.

Superior Plus Stock Down 1.9%

SPB opened at C$6.36 on Monday. 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 has a 12 month low of C$5.85 and a 12 month high of C$8.34. The stock has a market capitalization of C$1.42 billion, a P/E ratio of 90.86 and a beta of 0.49. The business has a 50 day simple moving average of C$7.26 and a 200-day simple moving average of C$7.43.

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

Key Stories 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.