Superior Plus (TSE:SPB) Shares Down 19% on Analyst Downgrade

Superior Plus Corp. (TSE:SPB) shares were down 19% during trading on Friday after TD Securities lowered their price target on the stock from C$8.50 to C$7.00. TD Securities currently has a buy rating on the stock. Superior Plus traded as low as C$6.27 and last traded at C$6.43. Approximately 4,891,240 shares were traded during mid-day trading, an increase of 474% from the average daily volume of 852,447 shares. The stock had previously closed at C$7.94.

SPB has been the subject of a number of other reports. Desjardins boosted their target price on Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a research note on Wednesday, February 4th. National Bank Financial boosted their price objective on Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Scotiabank lowered their target price on Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. BMO Capital Markets downgraded shares of Superior Plus from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$9.00 to C$8.00 in a report on Friday. Finally, Canadian Imperial Bank of Commerce lowered shares of Superior Plus from an “outperform” rating to a “neutral” rating and cut their price target for the company 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 three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.66.

More Superior Plus News

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

• Positive Sentiment: TD Securities cut its price target to C$7.00 but kept a “buy” rating, signaling continued conviction in the name despite the lower target. BayStreet.CA
• Positive Sentiment: BMO Capital Markets and CIBC both set price targets of C$8.00 (roughly ~23.6% above the current price), indicating some analysts still see multi‑quarter upside even as they reduced enthusiasm. BayStreet.CA
• Neutral Sentiment: Trading volume is sharply higher today (several million shares vs ~929k average), which confirms broad investor reaction to the analyst notes and earnings but does not by itself indicate whether selling is finished or accelerating further.
• Negative Sentiment: BMO downgraded SPB from “outperform” to “market perform” and CIBC downgraded from “outperform” to “neutral” — the downgrades remove previous upside momentum and likely contributed to the rapid price decline. BayStreet.CA
• Negative Sentiment: Quarterly results: SPB reported C$0.33 EPS but showed revenue listed as C($3.43)M and thin net margins (1.8%) with modest ROE (4.2%). The mixed/tepid fundamentals likely disappointed some investors and amplified selling pressure. Press Release
• Negative Sentiment: Balance-sheet and valuation risks: SPB shows high leverage (debt-to-equity ~193) and weak liquidity ratios, while the trailing P/E is elevated — factors that increase sensitivity to weaker results and analyst downgrades.

Superior Plus Stock Down 18.4%

The firm has a fifty day moving average of C$7.27 and a 200-day moving average of C$7.42. 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 firm has a market cap of C$1.44 billion, a P/E ratio of 92.57 and a beta of 0.49.

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

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.