Superior Plus (TSE:SPB) PT Lowered to C$14.50 at Raymond James

Superior Plus (TSE:SPB) had its price objective decreased by equities researchers at Raymond James from C$15.00 to C$14.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 12.32% from the stock’s previous close.

Several other analysts have also commented on the company. Canaccord Genuity decreased their price target on Superior Plus from C$13.75 to C$13.50 in a research note on Tuesday, February 19th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Superior Plus in a research note on Wednesday, February 13th. Cormark reduced their price objective on Superior Plus from C$16.00 to C$15.00 in a research note on Tuesday, February 12th. Desjardins boosted their price objective on Superior Plus from C$14.00 to C$14.50 in a research note on Friday, May 10th. Finally, National Bank Financial boosted their price objective on Superior Plus from C$14.00 to C$14.50 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$14.70.

SPB stock traded down C$0.09 during trading on Wednesday, hitting C$12.91. The company had a trading volume of 341,654 shares, compared to its average volume of 567,403. The company has a debt-to-equity ratio of 163.24, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $2.27 billion and a price-to-earnings ratio of 27.03. Superior Plus has a fifty-two week low of C$9.17 and a fifty-two week high of C$13.56.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.61 by C$0.30. The company had revenue of C$1.02 billion during the quarter, compared to analyst estimates of C$1.03 billion. On average, research analysts anticipate that Superior Plus will post 0.93 earnings per share for the current year.

About Superior Plus

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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