Superior Plus Corp. (TSE:SPB) Receives C$8.60 Consensus Target Price from Analysts

Superior Plus Corp. (TSE:SPB) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$8.60.

Several equities analysts have commented on the company. Desjardins upped their price objective on Superior Plus from C$8.00 to C$8.75 and gave the company a “hold” rating in a research report on Monday, August 10th. Scotia lifted their target price on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. National Bank Financial boosted their target price on shares of Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Finally, Royal Bank Of Canada cut shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Monday, August 10th.

Superior Plus Trading Up 0.1%

SPB opened at C$7.15 on Friday. The stock has a market cap of C$1.53 billion, a price-to-earnings ratio of 715.00 and a beta of 0.32. The stock’s 50 day moving average price is C$7.50 and its 200-day moving average price is C$7.46. Superior Plus has a one year low of C$6.06 and a one year high of C$8.86. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91.

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.