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

Shares of Superior Plus Corp. (TSE:SPB) have been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$7.80.

Several research analysts have weighed in on SPB shares. BMO Capital Markets cut shares of Superior Plus from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$9.00 to C$8.00 in a report on Friday, February 20th. ATB Cormark Capital Markets reduced their price objective on Superior Plus from C$9.00 to C$8.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. Scotiabank downgraded 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. Stifel Nicolaus lowered 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 note on Monday, February 23rd. Finally, Raymond James Financial cut Superior Plus from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from C$9.75 to C$8.50 in a report on Monday, February 23rd.

Superior Plus Stock Down 0.3%

SPB opened at C$6.89 on Friday. The stock’s fifty day simple moving average is C$7.03 and its 200 day simple moving average is C$7.34. 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$1.51 billion, a PE ratio of 27.56 and a beta of 0.30. 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 released its quarterly earnings data on Thursday, February 19th. The company reported C$0.37 EPS for the quarter. The firm had revenue of C($3.43) million during the quarter. Superior Plus had a net margin of 2.86% and a return on equity of 8.15%.

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.