Superior Plus Corp. (TSE:SPB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

SPB has been the subject of several recent analyst reports. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$8.50 to C$9.00 in a report on Wednesday, December 17th. Desjardins raised their price target on shares of Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a research note on Wednesday. National Bankshares upped their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Finally, Scotiabank cut their target price on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th.

Superior Plus Stock Performance

Shares of TSE:SPB opened at C$7.35 on Friday. Superior Plus has a 1 year low of C$5.84 and a 1 year high of C$8.34. The stock has a market capitalization of C$1.64 billion, a price-to-earnings ratio of 105.00 and a beta of 0.49. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The company’s 50 day simple moving average is C$7.18 and its 200 day simple moving average is C$7.38.

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

Superior Plus Company Profile

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.