Superior Plus (TSE:SPB) Stock Price Expected to Rise, National Bank Financial Analyst Says

Superior Plus (TSE:SPB) had its price objective lifted by equities research analysts at National Bank Financial from C$6.00 to C$7.50 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential downside of 2.09% from the stock’s previous close.

Several other research analysts also recently commented on SPB. Scotiabank downgraded Superior Plus from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$8.50 to C$6.50 in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce upgraded Superior Plus from a “hold” rating to an “outperformer” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada reduced their target price on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. TD lifted their target price on Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday. Finally, TD Securities downgraded Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$8.11.

Superior Plus Stock Down 1.7%

Shares of TSE:SPB traded down C$0.13 during trading on Friday, hitting C$7.66. 875,953 shares of the company were exchanged, compared to its average volume of 1,045,343. The stock has a market cap of C$1.64 billion, a price-to-earnings ratio of 30.64 and a beta of 0.29. Superior Plus has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.34. The firm has a fifty day moving average price of C$6.90 and a two-hundred day moving average price of C$7.14. The company has a current ratio of 0.95, a quick ratio of 0.46 and a debt-to-equity ratio of 244.09.

Superior Plus (TSE:SPB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$1.25 billion for the quarter. Superior Plus had a return on equity of 6.95% and a net margin of 2.49%.

Superior Plus Company Profile

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.