Superior Plus (TSE:SPB) Cut to "Hold" at TD Securities

Superior Plus (TSE:SPB - Get Free Report) was downgraded by research analysts at TD Securities from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$8.50 price target on the stock, down from their previous price target of C$9.50. TD Securities' price objective suggests a potential upside of 13.33% from the stock's current price.

Several other brokerages have also recently commented on SPB. CIBC boosted their price target on shares of 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. National Bankshares boosted their price target on shares of 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. ATB Capital lifted their price target 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 lifted their price target for the stock from C$7.50 to C$9.50 in a research note on Monday, April 7th. Finally, BMO Capital Markets lifted their price target on Superior Plus from C$9.00 to C$10.00 in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Superior Plus currently has a consensus rating of "Moderate Buy" and a consensus price target of C$9.95.

Superior Plus Stock Performance

Superior Plus stock traded down C$0.66 during mid-day trading on Thursday, reaching C$7.50. The company's stock had a trading volume of 2,218,172 shares, compared to its average volume of 838,798. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The firm has a market cap of C$1.26 billion, a price-to-earnings ratio of 27.58 and a beta of 0.76. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$8.34. The business has a 50 day moving average price of C$7.90 and a 200-day moving average price of C$6.95.

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.

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