Superior Plus (TSE:SPB) Price Target Raised to C$9.75

Superior Plus (TSE:SPB) had its price target raised by Desjardins from C$9.00 to C$9.75 in a report published on Wednesday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. National Bankshares increased their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Scotiabank reduced their target price on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Canadian Imperial Bank of Commerce upgraded shares of Superior Plus from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$8.50 to C$9.00 in a research note on Wednesday, December 17th. Finally, BMO Capital Markets lifted their price target on shares of Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Superior Plus has an average rating of “Moderate Buy” and an average target price of C$9.28.

Superior Plus Stock Performance

Shares of TSE:SPB opened at C$7.35 on Wednesday. The business has a 50-day moving average of C$7.18 and a two-hundred day moving average of C$7.38. The firm has a market capitalization of C$1.64 billion, a PE ratio of 105.00 and a beta of 0.49. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. Superior Plus has a 12 month low of C$5.84 and a 12 month high of C$8.34.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Thursday, November 13th. The company reported C($0.41) earnings per share for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%. The business had revenue of C$470.64 million for the quarter.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.