Superior Plus Corp. (SPB) Price Target Lowered to C$13.00 at CIBC
Superior Plus Corp. (TSE:SPB) had its price objective reduced by equities researchers at CIBC from C$13.50 to C$13.00 in a report released on Monday. CIBC’s price objective would suggest a potential upside of 4.17% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. TD Securities increased their target price on Superior Plus Corp. from C$13.00 to C$13.50 and gave the stock a “hold” rating in a report on Friday. Scotiabank increased their price objective on shares of Superior Plus Corp. from C$13.75 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday. BMO Capital Markets restated a “market perform” rating and set a C$13.00 price objective on shares of Superior Plus Corp. in a research note on Thursday, September 28th. Finally, Canaccord Genuity upgraded shares of Superior Plus Corp. from a “hold” rating to a “buy” rating and set a C$13.00 price objective for the company in a research note on Thursday, September 28th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$13.69.
Superior Plus Corp. (TSE:SPB) traded down C$0.14 during mid-day trading on Monday, reaching C$12.48. The company’s stock had a trading volume of 189,423 shares, compared to its average volume of 294,425. Superior Plus Corp. has a 52-week low of C$10.80 and a 52-week high of C$13.34.
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In other Superior Plus Corp. news, Director Patrick Edward Gottschalk acquired 30,000 shares of Superior Plus Corp. stock in a transaction dated Friday, September 29th. The stock was bought at an average cost of C$10.19 per share, for a total transaction of C$305,700.00.
About Superior Plus Corp.
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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