Superior Plus (TSE:SPB) Given a C$6.50 Price Target at National Bank Financial

Key Points

• National Bank Financial set a C$6.50 price target on Superior Plus and maintained a “sector perform” rating, implying 19.49% upside from the prior close.
• Analyst views are mixed but lean toward “Hold”: MarketBeat reports a consensus rating of Hold and an average target price of C$7.62, with two Buy, nine Hold, and one Sell ratings.
• Shares rose 2.4% to C$5.44 on Thursday. In its latest quarter, Superior Plus reported a loss of C$0.53 per share and revenue of C$541.12 million.

Superior Plus (TSE:SPB - Get Free Report) received a C$6.50 price objective from research analysts at National Bank Financial in a research report issued on Thursday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's target price points to a potential upside of 19.49% from the stock's previous close.

SPB has been the subject of a number of other research reports. TD cut Superior Plus from a "hold" rating to a "sell" rating and set a C$7.50 price target for the company. in a research report on Thursday, November 5th. TD Securities lowered Superior Plus from a "hold" rating to a "strong sell" rating in a report on Wednesday, November 4th. Royal Bank Of Canada downgraded Superior Plus from an "outperform" rating to a "sector perform" rating in a research note on Monday, August 10th. Desjardins reduced their target price on Superior Plus from C$8.75 to C$8.25 and set a "hold" rating for the company in a report on Monday, October 26th. Finally, Scotia upped their target price on Superior Plus from C$8.50 to C$9.00 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$7.62.

Superior Plus Stock Up 2.4%

Shares of Superior Plus stock traded up C$0.13 during midday trading on Thursday, reaching C$5.44. 1,850,562 shares of the company's stock traded hands, compared to its average volume of 860,322. The company has a market cap of C$1.17 billion, a price-to-earnings ratio of 544.00 and a beta of 0.31. The company's 50 day simple moving average is C$6.84 and its 200 day simple moving average is C$7.29. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. Superior Plus has a 52 week low of C$5.11 and a 52 week high of C$8.86.

Superior Plus (TSE:SPB - Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C($0.53) earnings per share (EPS) for the quarter. The business had revenue of C$541.12 million during the quarter. Superior Plus had a negative return on equity of 0.41% and a negative net margin of 0.15%. During the same period in the previous year, the company earned ($0.47) EPS.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas ('CNG'), hydrogen and related products and services, and transports renewable natural gas ('RNG') from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange ('TSX') under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.

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