Superior Plus (TSE:SPB) Price Target Lowered to C$9.75 at Desjardins

Key Points

• Superior Plus has had its price target lowered by Desjardins from C$10.50 to C$9.75, while maintaining a "buy" rating, indicating a potential upside of 46.62% from its current price.
• Analysts from **Raymond James** and **BMO Capital Markets** have also reduced their price targets, with **BMO** setting a new objective of C$8.00, maintaining an "outperform" rating.
• The stock is currently trading at C$6.65, reflecting a 2.6% decline, with an average rating of "Moderate Buy" and a consensus target price of C$9.68.

Superior Plus (TSE:SPB - Get Free Report) had its target price cut by stock analysts at Desjardins from C$10.50 to C$9.75 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price would suggest a potential upside of 46.62% from the stock's current price.

A number of other analysts have also commented on SPB. Raymond James Financial reduced 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 research note on Thursday, May 22nd. BMO Capital Markets dropped their price objective on shares of Superior Plus from C$10.00 to C$8.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, TD Securities lowered their price target on shares of Superior Plus from C$8.50 to C$8.00 and set a "hold" rating on the stock in a report on Wednesday. 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 stock. According to data from MarketBeat.com, Superior Plus currently has an average rating of "Moderate Buy" and a consensus target price of C$9.68.

Superior Plus Stock Down 2.6%

TSE:SPB traded down C$0.18 on Wednesday, reaching C$6.65. 1,557,691 shares of the stock traded hands, compared to its average volume of 845,829. The company has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 24.45 and a beta of 0.76. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. Superior Plus has a 12 month low of C$5.15 and a 12 month high of C$8.34. The company's fifty day simple moving average is C$7.65 and its 200 day simple moving average is C$7.04.

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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