Superior Plus (TSE:SPB) Price Target Raised to C$9.00

Key Points

• TD Securities has raised the target price for Superior Plus (TSE:SPB) from C$8.00 to C$9.00, suggesting a potential upside of 12.22% from the stock's last close.
• The company currently has a consensus rating of "Moderate Buy" with a range of price targets set by various analysts, including a low of C$8.00 and a high of C$10.00.
• As of Thursday, shares of Superior Plus dipped by 0.1%, trading at C$8.02, with a market capitalization of C$1.79 billion.

Superior Plus (TSE:SPB - Get Free Report) had its target price raised by equities research analysts at TD Securities from C$8.00 to C$9.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. TD Securities' target price points to a potential upside of 12.22% from the stock's previous close.

A number of other analysts have also recently weighed in on SPB. BMO Capital Markets lowered their price target 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, August 13th. Desjardins lowered their price target on shares of Superior Plus from C$10.50 to C$9.75 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Finally, Raymond James Financial lowered their price target on shares of Superior Plus from C$10.50 to C$10.00 and set an "outperform" rating on the stock in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$9.28.

Superior Plus Stock Down 0.1%

Shares of TSE:SPB traded down C$0.01 during trading hours on Thursday, hitting C$8.02. The company's stock had a trading volume of 388,809 shares, compared to its average volume of 788,777. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$8.34. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The company has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 38.19 and a beta of 0.21. The firm's fifty day moving average price is C$7.41 and its 200 day moving average price is C$7.38.

About Superior Plus

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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