Superior Plus (TSE:SPB) Stock Gets Price Target Reduction from BMO Capital Markets

Key Points

• BMO Capital Markets cut Superior Plus’s price target from C$8.50 to C$6.50 and maintained a “market perform” rating; the new target implies 19.49% upside from the current share price.
• Analyst views remain mostly cautious: MarketBeat reports a consensus “Hold” rating and average target price of C$7.62, with two Buy, nine Hold, and one Sell rating.
• Superior Plus shares traded at C$5.44 on Thursday. The company reported quarterly EPS of C($0.53) on revenue of C$541.12 million.

Superior Plus (TSE:SPB - Get Free Report) had its target price reduced by equities research analysts at BMO Capital Markets from C$8.50 to C$6.50 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets's target price suggests a potential upside of 19.49% from the stock's current price.

Several other research firms also recently weighed in on SPB. Scotia lifted their target price on Superior Plus from C$8.50 to C$9.00 and gave the company a "sector perform" rating in a research report on Monday, August 10th. National Bank Financial set a C$6.50 price target on Superior Plus and gave the stock a "sector perform" rating in a research report on Thursday. Royal Bank Of Canada cut Superior Plus from an "outperform" rating to a "sector perform" rating in a research report on Monday, August 10th. Desjardins decreased their price objective on Superior Plus from C$8.25 to C$6.50 and set a "hold" rating on the stock in a research note on Thursday. Finally, ATB Cormark Capital Markets lowered their price objective on Superior Plus from C$9.00 to C$7.00 and set a "sector perform" rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Superior Plus presently has a consensus rating of "Hold" and an average target price of C$7.62.

Superior Plus Stock Performance

Shares of Superior Plus stock traded up C$0.13 on Thursday, hitting C$5.44. 1,850,562 shares of the company's stock were exchanged, compared to its average volume of 860,322. Superior Plus has a 1 year low of C$5.11 and a 1 year high of C$8.86. The company has a 50-day simple moving average of C$6.84 and a 200-day simple moving average of 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. The stock has a market capitalization of C$1.17 billion, a PE ratio of 544.00 and a beta of 0.31.

Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The company reported C($0.53) EPS for the quarter. The company 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 last year, the business earned ($0.47) EPS.

About Superior Plus

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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