Superior Plus (TSE:SPB) Given New C$9.00 Price Target at Scotia

Superior Plus (TSE:SPB) had its price target boosted by equities researchers at Scotia from C$8.50 to C$9.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotia’s price target would suggest a potential upside of 20.16% from the company’s current price.

SPB has been the subject of several other research reports. National Bank Financial raised their price objective on shares of Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Scotiabank upped their target price on shares of Superior Plus from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Stifel Nicolaus increased their target price on shares of Superior Plus from C$9.00 to C$10.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Royal Bank Of Canada downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$10.00 to C$9.00 in a research report on Monday. Finally, TD boosted their price target on Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$8.52.

Superior Plus Price Performance

TSE:SPB traded down C$0.71 during trading hours on Monday, hitting C$7.49. The company’s stock had a trading volume of 781,778 shares, compared to its average volume of 910,653. Superior Plus has a 52-week low of C$6.06 and a 52-week high of C$8.86. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. The business’s 50-day moving average is C$8.07 and its two-hundred day moving average is C$7.45. The company has a market capitalization of C$1.61 billion, a PE ratio of 35.67 and a beta of 0.35.

Superior Plus (TSE:SPB) last issued its earnings results on Wednesday, May 13th. The company reported C$0.94 EPS for the quarter. Superior Plus had a negative net margin of 0.15% and a negative return on equity of 0.41%. The company had revenue of C$1.25 billion for the quarter.

Insider Buying and Selling at Superior Plus

In other news, insider Dale Alan Winger purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of C$7.65 per share, with a total value of C$76,500.00. Following the purchase, the insider directly owned 41,000 shares of the company’s stock, valued at C$313,650. This represents a 32.26% increase in their position. Insiders acquired a total of 15,000 shares of company stock valued at $118,360 in the last three months. Company insiders own 0.54% of the company’s stock.

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.