National Bank Financial Analysts Give Superior Plus (TSE:SPB) a C$6.50 Price Target

National Bank Financial set a C$6.50 price objective on Superior Plus (TSE:SPB) in a report issued on Thursday morning,BayStreet reports. The firm currently has a sector perform rating on the stock.

SPB has been the subject of several other research reports. Royal Bank Of Canada lowered shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Desjardins lowered their target price on shares of Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a report on Monday, October 26th. TD cut shares of Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price target for the company. in a research note on Thursday, November 5th. 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 report on Monday, August 10th. Finally, TD Securities lowered shares of Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$7.62.

Superior Plus Price Performance

Shares of TSE SPB traded up C$0.25 during midday trading on Thursday, reaching C$5.67. 1,295,765 shares of the stock traded hands, compared to its average volume of 865,544. The company has a debt-to-equity ratio of 218.38, a current ratio of 0.88 and a quick ratio of 0.46. The stock has a market capitalization of C$1.22 billion, a PE ratio of 31.50 and a beta of 0.31. Superior Plus has a one year low of C$5.11 and a one year high of C$8.86. The company’s 50 day moving average is C$6.78 and its 200 day moving average is C$7.27.

Superior Plus (TSE:SPB) last posted its earnings results on Tuesday, November 10th. The company reported C($0.53) earnings per share for the quarter. The business had revenue of C$541.12 million during the quarter. Superior Plus had a net margin of 1.88% and a return on equity of 5.33%. During the same period in the previous year, the business posted ($0.47) earnings per share.

Superior Plus News Summary

These are some of the SPB news items that stood out recently:

• Positive Sentiment: TD Securities upgraded Superior Plus from “strong sell” to “hold,” a more favorable stance, though still not a buy rating. TD Securities ratings
• Negative Sentiment: CIBC lowered its rating from “strong buy” to “hold,” removing a bullish endorsement. CIBC ratings
• Negative Sentiment: Several analysts reduced their targets: BMO and Desjardins to C$6.50, ATB Cormark and Raymond James to C$7.00, and TD to C$5.50. Although some targets imply upside from the cited C$5.42 price, the broad cuts signal lower expectations. Analyst target changes

About Superior Plus

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.