Superior Plus Corp. (SPB) PT Lowered to C$13.00 at Canaccord Genuity
Superior Plus Corp. (TSE:SPB) had its price objective dropped by analysts at Canaccord Genuity from C$13.25 to C$13.00 in a report released on Wednesday. Canaccord Genuity’s price target indicates a potential upside of 7.97% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. TD Securities reduced their price objective on shares of Superior Plus Corp. from C$14.00 to C$13.00 and set a “hold” rating for the company in a report on Thursday, August 10th. Scotiabank reaffirmed a “sector perform” rating and issued a C$13.75 price objective on shares of Superior Plus Corp. in a report on Monday, October 16th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$13.00 price objective on shares of Superior Plus Corp. in a report on Thursday, September 28th. Finally, CIBC cut their price target on shares of Superior Plus Corp. from C$13.50 to C$13.00 in a report on Monday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$13.69.
Superior Plus Corp. (SPB) traded down C$0.17 during mid-day trading on Wednesday, reaching C$12.04. 190,755 shares of the company traded hands, compared to its average volume of 293,534. Superior Plus Corp. has a 1-year low of C$10.80 and a 1-year high of C$13.34.
In other Superior Plus Corp. news, Director Patrick Edward Gottschalk purchased 30,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was bought at an average cost of C$10.19 per share, with a total value of C$305,700.00. Insiders acquired a total of 32,600 shares of company stock valued at $338,432 over the last three months.
About Superior Plus Corp.
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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