Superior Plus Corp. (TSE:SPB) Receives Average Rating of “Hold” from Analysts

Superior Plus Corp. (TSE:SPB) has been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$7.80.

A number of research analysts have recently commented on the stock. National Bank Financial decreased their price objective on shares of Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce downgraded shares of Superior Plus from an “outperform” rating to a “hold” rating and cut their target price for the company from C$9.00 to C$8.00 in a research note on Friday, February 20th. Raymond James Financial cut Superior Plus from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from C$9.75 to C$8.50 in a report on Monday, February 23rd. Royal Bank Of Canada lowered their price target on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Finally, TD Securities cut Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd.

Superior Plus Trading Up 1.4%

Shares of Superior Plus stock opened at C$6.72 on Wednesday. The stock has a market cap of C$1.50 billion, a P/E ratio of 96.00 and a beta of 0.49. The company has a quick ratio of 0.46, a current ratio of 0.95 and a debt-to-equity ratio of 244.09. Superior Plus has a 12-month low of C$6.06 and a 12-month high of C$8.34. The business’s 50 day moving average is C$7.19 and its 200-day moving average is C$7.41.

Superior Plus (TSE:SPB) last released its earnings results on Thursday, February 19th. The company reported C$0.33 earnings per share for the quarter. The business had revenue of C($3.43) million during the quarter. Superior Plus had a net margin of 2.86% and a return on equity of 8.15%.

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.