Superior Plus (TSE:SPB) Stock Rating Upgraded by TD

Superior Plus (TSE:SPB) was upgraded by stock analysts at TD from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, BayStreet reports. The firm presently has a C$5.50 price target on the stock. TD‘s target price suggests a potential upside of 1.10% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Royal Bank Of Canada cut Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Monday, August 10th. TD Securities cut Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. Scotia increased 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 report on Monday, August 10th. National Bank Financial set a C$6.50 price objective on shares of Superior Plus and gave the company a “sector perform” rating in a research report on Thursday. Finally, Desjardins cut their price objective on shares of Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a research report on Monday, October 26th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$7.62.

Superior Plus Stock Performance

SPB traded up C$0.13 on Thursday, hitting C$5.44. The company’s stock had a trading volume of 1,850,562 shares, compared to its average volume of 860,322. Superior Plus has a 12 month low of C$5.11 and a 12 month high of C$8.86. The firm has a market cap of C$1.17 billion, a P/E ratio of 544.00 and a beta of 0.31. 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 simple moving average is C$6.84 and its 200-day simple moving average is C$7.29.

Superior Plus (TSE:SPB) last posted its earnings results on Tuesday, November 10th. The company reported C($0.53) earnings per share (EPS) for the quarter. The company had revenue of C$541.12 million for the quarter. Superior Plus had a negative return on equity of 0.41% and a negative net margin of 0.15%. During the same quarter in the prior year, the company posted ($0.47) EPS.

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.