Analysts Set Superior Plus Corp. (TSE:SPB) Target Price at C$8.48

Shares of Superior Plus Corp. (TSE:SPB) have received a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$8.48.

A number of brokerages have recently issued reports on SPB. National Bank Financial upped their price target on Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a report on Monday, June 1st. TD boosted their target price on Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Scotiabank raised their price target on shares of Superior Plus from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Stifel Nicolaus lifted their price target on shares of Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, ATB Cormark Capital Markets increased their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, May 15th.

Insiders Place Their Bets

In other news, insider Dale Alan Winger purchased 3,000 shares of the stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of C$8.38 per share, with a total value of C$25,140.00. Following the acquisition, the insider directly owned 48,000 shares of the company’s stock, valued at C$402,240. This represents a 6.67% increase in their ownership of the stock. In the last ninety days, insiders have acquired 15,000 shares of company stock worth $118,360. 0.54% of the stock is currently owned by insiders.

Superior Plus Stock Up 0.5%

Superior Plus stock traded up C$0.04 during trading hours on Tuesday, hitting C$7.81. The stock had a trading volume of 277,640 shares, compared to its average volume of 970,513. The stock’s 50-day moving average price is C$7.95 and its 200-day moving average price is C$7.34. The stock has a market capitalization of C$1.68 billion, a P/E ratio of 37.19 and a beta of 0.35. Superior Plus has a 12-month low of C$6.06 and a 12-month high of C$8.86. The company has a quick ratio of 0.46, a current ratio of 1.22 and a debt-to-equity ratio of 193.28.

Superior Plus (TSE:SPB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The company had revenue of C$1.25 billion during the quarter. Superior Plus had a net margin of 2.01% and a return on equity of 5.20%.

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.