Superior Plus Corp. (TSE:SPB) Receives C$10.05 Consensus Price Target from Analysts

Shares of Superior Plus Corp. (TSE:SPB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$10.05.

A number of research analysts recently issued reports on SPB shares. Desjardins lifted their target price on Superior Plus from C$9.25 to C$10.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. BMO Capital Markets increased their target price on Superior Plus from C$9.00 to C$10.00 in a report on Thursday, May 22nd. Raymond James decreased their price target on shares of Superior Plus from C$11.50 to C$10.50 and set an "outperform" rating for the company in a report on Thursday, May 22nd. CIBC upped their target price on Superior Plus from C$9.00 to C$9.50 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, ATB Capital lifted their price objective on shares of Superior Plus from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd.

Superior Plus Stock Performance

SPB stock traded down C$0.09 during trading on Monday, reaching C$7.79. 95,642 shares of the company's stock were exchanged, compared to its average volume of 883,249. The firm has a market cap of C$1.31 billion, a PE ratio of 28.64 and a beta of 0.76. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The company's fifty day moving average price is C$7.08 and its 200-day moving average price is C$6.61. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$9.35.

Superior Plus Company Profile

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.