Superior Plus Corp. (TSE:SPB) Receives C$9.95 Consensus Price Target from Analysts

Superior Plus Corp. (TSE:SPB) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$9.95.

Several research analysts recently issued reports on the stock. CIBC increased their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Raymond James raised shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th. Finally, TD Securities increased their target price on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th.

Superior Plus Trading Down 1.5 %

TSE SPB opened at C$6.59 on Wednesday. The stock has a market capitalization of C$1.11 billion, a P/E ratio of 24.23 and a beta of 0.76. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$10.36. The firm has a 50-day moving average price of C$6.30 and a 200 day moving average price of C$6.72. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35.

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.