Superior Plus Corp. (TSE:SPB) Stock Rated “Hold” by Wall Street Brokerages

Superior Plus Corp. (TSE:SPB) has earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$8.60.

A number of equities analysts recently issued reports on SPB shares. Scotia upped their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Royal Bank Of Canada downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Finally, Desjardins raised their price objective on shares of Superior Plus from C$8.00 to C$8.75 and gave the company a “hold” rating in a research note on Monday, August 10th.

Superior Plus Price Performance

Shares of TSE:SPB opened at C$6.94 on Thursday. Superior Plus has a 1-year low of C$6.06 and a 1-year high of C$8.86. The company has a debt-to-equity ratio of 193.48, a current ratio of 0.91 and a quick ratio of 0.46. The business has a fifty day moving average price of C$7.13 and a 200-day moving average price of C$7.50. The company has a market capitalization of C$1.49 billion, a PE ratio of 694.00 and a beta of 0.43.

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.