Superior Plus (TSE:SPB) Downgraded by TD Securities to Hold

Superior Plus (TSE:SPB - Get Free Report) was downgraded by analysts at TD Securities from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday, Marketbeat.com reports. They presently have a C$8.50 price objective on the stock, down from their previous price objective of C$9.50. TD Securities' price target suggests a potential upside of 19.21% from the company's previous close.

Several other research firms have also weighed in on SPB. ATB Capital raised their price objective on Superior Plus from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Scotiabank raised Superior Plus from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$7.50 to C$9.50 in a research note on Monday, April 7th. 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 Financial decreased their target price on Superior Plus from C$11.50 to C$10.50 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Finally, National Bankshares raised their target price on Superior Plus from C$6.50 to C$7.50 and gave the stock a "sector perform" rating in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$9.95.

Superior Plus Trading Down 1.2%

TSE:SPB opened at C$7.13 on Thursday. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. Superior Plus has a one year low of C$5.15 and a one year high of C$8.34. The business's 50-day simple moving average is C$7.92 and its 200 day simple moving average is C$6.98. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 26.22 and a beta of 0.76.

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.