BMO Capital Markets Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price

Key Points

• BMO Capital Markets has lowered its price target for Superior Plus from C$10.00 to C$8.00, indicating a potential upside of 20.30% from the previous close.
• TD Securities downgraded Superior Plus from a "strong-buy" rating to a "hold" rating, further decreasing their price target from C$9.50 to C$8.50.
• The company's stock has seen significant trading volume, with a current price of C$6.65, and it operates with a market cap of C$1.12 billion.

Superior Plus (TSE:SPB - Get Free Report) had its price target lowered by stock analysts at BMO Capital Markets from C$10.00 to C$8.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price target would indicate a potential upside of 20.30% from the company's previous close.

SPB has been the topic of several other reports. TD Securities downgraded shares of Superior Plus from a "strong-buy" rating to a "hold" rating and cut their price target for the company from C$9.50 to C$8.50 in a report on Thursday, July 17th. Desjardins upped their price target on shares of Superior Plus from C$9.25 to C$10.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Raymond James Financial cut their price target on shares of Superior Plus from C$11.50 to C$10.50 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$9.68.

Superior Plus Price Performance

Shares of Superior Plus stock traded down C$0.18 during trading hours on Wednesday, reaching C$6.65. The company's stock had a trading volume of 1,557,691 shares, compared to its average volume of 845,829. The firm has a 50 day moving average price of C$7.65 and a 200-day moving average price of C$7.04. Superior Plus has a one year low of C$5.15 and a one year high of C$8.34. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The stock has a market cap of C$1.12 billion, a P/E ratio of 24.45 and a beta of 0.76.

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.

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