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

Superior Plus Corp. (TSE:SPB) has received a consensus recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$7.80.

Several equities research analysts recently issued reports on SPB shares. TD Securities cut Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. ATB Cormark Capital Markets lowered their price objective on Superior Plus from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Stifel Nicolaus dropped their price objective on Superior Plus from C$10.00 to C$9.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Desjardins lowered Superior Plus from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$8.75 to C$7.00 in a report on Monday, February 23rd. Finally, Royal Bank Of Canada decreased 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.

Superior Plus Price Performance

Shares of Superior Plus stock opened at C$6.89 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.95 and a debt-to-equity ratio of 244.09. The stock has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 27.56 and a beta of 0.30. Superior Plus has a twelve month low of C$6.06 and a twelve month high of C$8.34. The company has a 50-day simple moving average of C$7.03 and a two-hundred day simple moving average of C$7.34.

Superior Plus (TSE:SPB) last announced its earnings results on Thursday, February 19th. The company reported C$0.37 earnings per share (EPS) for the quarter. Superior Plus had a net margin of 2.86% and a return on equity of 8.15%. The firm had revenue of C($3.43) million for the quarter.

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.