Scotiabank Reaffirms Sector Perform Rating for Superior Plus Corp. (SPB)
Superior Plus Corp. (TSE:SPB)‘s stock had its “sector perform” rating restated by stock analysts at Scotiabank in a note issued to investors on Wednesday. They currently have a C$12.50 price target on the stock. Scotiabank’s price target points to a potential upside of 6.84% from the stock’s previous close.
A number of other brokerages have also commented on SPB. CIBC reiterated a “sector perform” rating and issued a C$12.00 target price on shares of Superior Plus Corp. in a research report on Wednesday, July 6th. TD Securities decreased their price target on Superior Plus Corp. from C$14.50 to C$14.00 and set an “action list buy” rating for the company in a report on Monday, July 4th. Canaccord Genuity reissued a “buy” rating and issued a C$12.50 price target on shares of Superior Plus Corp. in a report on Thursday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$12.00 price target on shares of Superior Plus Corp. in a report on Tuesday, July 5th. Finally, AltaCorp Capital raised Superior Plus Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$12.36.
Shares of Superior Plus Corp. (TSE:SPB) traded up 0.09% during midday trading on Wednesday, reaching $11.71. 100,898 shares of the company’s stock were exchanged. The stock has a market cap of $1.67 billion and a P/E ratio of 17.32. Superior Plus Corp. has a one year low of $8.42 and a one year high of $12.20. The company’s 50-day moving average is $11.64 and its 200-day moving average is $10.78.
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About Superior Plus Corp.
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through three segments: Energy Services, Specialty Chemicals and Construction Products Distribution. Superior’s Energy Services segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and U.S.
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