Superior Plus Corp. (SPB) Stock Rating Reaffirmed by Scotiabank
Superior Plus Corp. (TSE:SPB)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Scotiabank in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They presently have a C$12.50 price objective on the stock. Scotiabank’s price target points to a potential upside of 6.84% from the company’s current price.
A number of other research firms have also commented on SPB. Canaccord Genuity lifted their target price on Superior Plus Corp. from C$12.50 to C$13.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. CIBC reduced their target price on Superior Plus Corp. from C$12.00 to C$11.50 in a report on Thursday, August 11th. TD Securities reissued an “action list buy” rating and issued a C$13.50 target price on shares of Superior Plus Corp. in a report on Thursday, August 11th. AltaCorp Capital raised Superior Plus Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a C$12.00 target price on shares of Superior Plus Corp. in a report on Tuesday, July 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Superior Plus Corp. presently has an average rating of “Buy” and a consensus target price of C$12.36.
Shares of Superior Plus Corp. (TSE:SPB) traded down 0.17% during trading on Wednesday, reaching $11.68. The company’s stock had a trading volume of 103,958 shares. The company has a 50 day moving average of $11.64 and a 200 day moving average of $10.78. The company has a market cap of $1.66 billion and a PE ratio of 17.28. Superior Plus Corp. has a 12-month low of $8.42 and a 12-month high of $12.20.
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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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