BMO Capital Markets Issues Positive Forecast for Superior Plus (TSE:SPB) Stock Price

Key Points

• BMO Capital Markets has raised its price target for Superior Plus (TSE:SPB) from C$8.00 to C$10.00, indicating a potential upside of 26.74% from its current price.
• Other analysts have varied opinions, with Raymond James and Desjardins both adjusting their price targets downward, while the consensus rating remains a "Moderate Buy" with an average target of C$9.53.
• Despite the positive forecasts, Superior Plus's stock decreased by 1.3% to C$7.89, with the company holding a market capitalization of C$1.76 billion.

Superior Plus (TSE:SPB - Get Free Report) had its price target upped by equities research analysts at BMO Capital Markets from C$8.00 to C$10.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets' target price suggests a potential upside of 26.74% from the company's current price.

SPB has been the subject of several other reports. Raymond James Financial lowered their price target on Superior Plus from C$10.50 to C$10.00 and set an "outperform" rating for the company in a report on Thursday, August 14th. Desjardins lowered their price target on Superior Plus from C$10.50 to C$9.75 and set a "buy" rating for the company in a report on Wednesday, August 13th. Finally, TD Securities raised their target price on Superior Plus from C$8.00 to C$9.00 and gave the company a "hold" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$9.53.

Superior Plus Stock Down 1.3%

TSE SPB traded down C$0.10 during trading hours on Friday, hitting C$7.89. The company had a trading volume of 461,860 shares, compared to its average volume of 788,814. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$8.34. The company has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 37.57 and a beta of 0.21. 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 firm's 50 day moving average is C$7.43 and its 200 day moving average is C$7.39.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.