Superior Plus Corp. (TSE:SPB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Superior Plus Corp. (TSE:SPB) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$9.28.

SPB has been the topic of several recent research reports. National Bankshares upped their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$8.50 to C$9.00 in a research report on Wednesday, December 17th. BMO Capital Markets raised their price objective on shares of Superior Plus from C$8.00 to C$10.00 in a report on Friday, October 10th. Scotiabank reduced their price objective on shares of Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. Finally, TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a research report on Monday, November 17th.

Superior Plus Price Performance

Shares of TSE SPB opened at C$7.21 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The stock has a fifty day simple moving average of C$7.24 and a two-hundred day simple moving average of C$7.46. Superior Plus has a 1-year low of C$5.77 and a 1-year high of C$8.34. The firm has a market cap of C$1.61 billion, a price-to-earnings ratio of 103.00 and a beta of 0.37.

Superior Plus (TSE:SPB) last issued its quarterly earnings results on Thursday, November 13th. The company reported C($0.41) EPS for the quarter. The firm had revenue of C$470.64 million for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.