Superior Plus Corp. (TSE:SPB) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Superior Plus, with nine hold ratings and three buys among 12 brokerages. The average 12-month price target is C$8.60, above the reported C$7.19 share price.
• Several brokerages recently raised their price targets, including Stifel Nicolaus to C$10.00 with a “buy” rating and ATB Cormark and Scotia to C$9.00.
• Insider Dale Alan Winger purchased 3,000 shares at an average C$8.38, increasing his holdings by 6.67%; insiders collectively own 0.54% of the company.

Shares of Superior Plus Corp. (TSE:SPB - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$8.60.

Several brokerages recently weighed in on SPB. ATB Cormark Capital Markets boosted their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. Stifel Nicolaus increased their price objective on Superior Plus from C$9.00 to C$10.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Scotia raised 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. National Bank Financial lifted their target price on Superior Plus from C$7.50 to C$8.50 and gave the stock a "sector perform" rating in a report on Monday, June 1st. Finally, Scotiabank upped their price target on Superior Plus from C$7.00 to C$8.50 and gave the company a "sector perform" rating in a research report on Tuesday, May 19th.

Insider Activity

In related news, insider Dale Alan Winger acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of C$8.38 per share, with a total value of C$25,140.00. Following the completion of the purchase, the insider directly owned 48,000 shares in the company, valued at C$402,240. The trade was a 6.67% increase in their ownership of the stock. 0.54% of the stock is owned by company insiders.

Superior Plus Trading Up 0.7%

SPB opened at C$7.19 on Wednesday. Superior Plus has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.86. The company has a debt-to-equity ratio of 193.48, a current ratio of 0.91 and a quick ratio of 0.46. The firm has a market capitalization of C$1.54 billion, a price-to-earnings ratio of 719.00 and a beta of 0.35. The company's 50 day moving average price is C$7.83 and its two-hundred day moving average price is C$7.47.

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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