Superior Plus Corp. (TSE:SPB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have received a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$7.80.

A number of equities analysts have weighed in on the company. Canadian Imperial Bank of Commerce downgraded Superior Plus from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$9.00 to C$8.00 in a research report on Friday, February 20th. TD Securities downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Royal Bank Of Canada reduced their target price on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. Scotiabank downgraded shares of Superior Plus from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$8.50 to C$6.50 in a research report on Monday, February 23rd. Finally, Raymond James Financial lowered shares of Superior Plus from a “moderate buy” rating to a “hold” rating and lowered their price target for the company from C$9.75 to C$8.50 in a research note on Monday, February 23rd.

Superior Plus Price Performance

SPB stock opened at C$6.72 on Wednesday. The stock has a 50-day moving average price of C$7.19 and a two-hundred day moving average price of C$7.41. Superior Plus has a 1 year low of C$6.06 and a 1 year high of C$8.34. The stock has a market cap of C$1.50 billion, a PE ratio of 96.00 and a beta of 0.49. The company has a current ratio of 0.95, a quick ratio of 0.46 and a debt-to-equity ratio of 244.09.

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 8.15% and a net margin of 2.86%.

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.