Superior Plus (TSE:SPB) Shares Down 19.6% on Analyst Downgrade

Shares of Superior Plus Corp. (TSE:SPB) fell 19.6% 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$6.38. 6,207,683 shares traded hands during trading, an increase of 595% from the average session volume of 892,900 shares. The stock had previously closed at C$7.94.

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

Trending Headlines about Superior Plus

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 Price Performance

The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The business has a 50 day moving average price of C$7.27 and a 200-day moving average price of C$7.42. The company has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 92.57 and a beta of 0.49.

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

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.