Brokerages Set Superior Plus Corp. (TSE:SPB) Target Price at C$8.60

Superior Plus Corp. (TSE:SPB) has been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$8.60.

SPB has been the subject of a number of analyst reports. ATB Cormark Capital Markets boosted their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, May 15th. National Bank Financial raised their price objective on Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Scotia upped their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. TD raised their target price on Superior Plus from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, May 15th. Finally, Desjardins lifted their price target on shares of Superior Plus from C$8.00 to C$8.75 and gave the company a “hold” rating in a report on Monday, August 10th.

Superior Plus Price Performance

Shares of TSE:SPB opened at C$7.19 on Wednesday. Superior Plus has a 12 month low of C$6.06 and a 12 month high of C$8.86. The company has a quick ratio of 0.46, a current ratio of 0.91 and a debt-to-equity ratio of 193.48. The company’s 50-day moving average price is C$7.77 and its two-hundred day moving average price is C$7.46. The firm has a market cap of C$1.54 billion, a P/E ratio of 719.00 and a beta of 0.35.

Insider Activity

In related news, insider Dale Alan Winger bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of C$8.38 per share, with a total value of C$25,140.00. Following the completion of the purchase, the insider directly owned 48,000 shares in the company, valued at C$402,240. The trade was a 6.67% increase in their ownership of the stock. 0.54% of the stock is owned by corporate insiders.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.