Superior Plus (TSE:SPB) Raised to Outperform at Scotiabank

Scotiabank upgraded shares of Superior Plus (TSE:SPB) from a sector perform rating to an outperform rating in a research note released on Monday,BayStreet.CA reports. They currently have C$9.50 target price on the stock, up from their previous target price of C$7.50.

A number of other equities analysts also recently issued reports on SPB. National Bankshares increased their price objective on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research note on Thursday, April 3rd. Raymond James raised Superior Plus from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 28th. ATB Capital boosted their price target on Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. BMO Capital Markets raised their price objective on Superior Plus from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Finally, TD Securities boosted their target price on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock a “buy” rating in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.85.

Superior Plus Trading Down 2.9 %

Shares of TSE SPB opened at C$6.40 on Monday. The firm has a market cap of C$1.08 billion, a PE ratio of 23.53 and a beta of 0.76. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$9.78. The business has a fifty day simple moving average of C$6.37 and a two-hundred day simple moving average of C$6.63.

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.