Superior Plus (TSE:SPB) Stock Price Target Cut by Desjardins

Superior Plus (TSE:SPB) had its target price lowered by equities research analysts at Desjardins from C$8.25 to C$6.50 in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. Desjardins‘s price target would indicate a potential upside of 19.49% from the company’s previous close.

SPB has been the subject of several other reports. TD Securities downgraded Superior Plus from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 4th. TD raised shares of Superior Plus from a “sell” rating to a “hold” rating and set a C$5.50 price objective on the stock in a research note on Thursday. Raymond James Financial dropped their price objective on shares of Superior Plus from C$8.50 to C$7.00 and set a “market perform” rating on the stock in a research note on Thursday. Scotia upped their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Finally, 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. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Superior Plus has a consensus rating of “Hold” and an average price target of C$7.62.

Superior Plus Stock Performance

Shares of SPB stock traded up C$0.13 during midday trading on Thursday, hitting C$5.44. The company had a trading volume of 1,850,562 shares, compared to its average volume of 860,322. 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 has a 52-week low of C$5.11 and a 52-week high of C$8.86. The stock has a market cap of C$1.17 billion, a price-to-earnings ratio of 544.00 and a beta of 0.31. The company has a debt-to-equity ratio of 193.48, a current ratio of 0.91 and a quick ratio of 0.46.

Superior Plus (TSE:SPB) last released 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 during the quarter. Superior Plus had a negative net margin of 0.15% and a negative return on equity of 0.41%. During the same quarter in the prior year, the firm posted ($0.47) earnings per share.

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.