Superior Plus (TSE:SPB) Price Target Raised to C$9.50

Superior Plus (TSE:SPB) had its target price raised by CIBC from C$9.00 to C$9.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 35.52% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. ATB Capital lifted their price target on shares of Superior Plus from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday. TD Securities boosted their price target on Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. National Bankshares increased their price target on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a report on Thursday. Raymond James upgraded Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th. Finally, BMO Capital Markets raised their price target on Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$9.80.

Superior Plus Trading Down 1.4 %

Shares of TSE:SPB traded down C$0.10 on Thursday, reaching C$7.01. 334,794 shares of the company traded hands, compared to its average volume of 909,555. The stock has a market capitalization of C$1.18 billion, a P/E ratio of 25.77 and a beta of 0.76. The business’s 50-day simple moving average is C$6.36 and its 200 day simple moving average is C$6.66. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$9.82.

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.