Superior Plus (TSE:SPB) Lowered to “Sector Perform” Rating by Scotiabank

Scotiabank lowered shares of Superior Plus (TSE:SPB) from an outperform rating to a sector perform rating in a research note published on Monday,BayStreet.CA reports. They currently have C$6.50 price target on the stock, down from their previous price target of C$8.50.

Other analysts also recently issued research reports about the stock. National Bank Financial cut their price target on shares of Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a report on Monday. Royal Bank Of Canada lowered their price objective 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. Stifel Nicolaus reduced their target price on 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 lowered Superior Plus from a “buy” rating to a “hold” rating and decreased their price target for the company from C$8.75 to C$7.00 in a research note on Monday. Finally, Canadian Imperial Bank of Commerce downgraded Superior Plus from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$9.00 to C$8.00 in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$7.80.

Superior Plus Stock Down 1.9%

Shares of SPB opened at C$6.36 on Monday. Superior Plus has a 52-week low of C$5.85 and a 52-week high of C$8.34. 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 fifty day simple moving average of C$7.26 and a two-hundred day simple moving average of C$7.43. The company has a market capitalization of C$1.42 billion, a PE ratio of 90.86 and a beta of 0.49.

Superior Plus (TSE:SPB) last announced its quarterly earnings results 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 firm had revenue of C($3.43) million for the quarter.

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

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.