Superior Plus (TSE:SPB) Given New C$9.00 Price Target at ATB Cormark Capital Markets

Superior Plus (TSE:SPB – Get Free Report) had its price target hoisted by equities research analysts at ATB Cormark Capital Markets from C$8.50 to C$9.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 17.49% from the stock’s current price.

Several other analysts have also commented on SPB. Stifel Nicolaus dropped their price target on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. TD increased their price objective on shares of Superior Plus from C$7.00 to C$7.50 and gave the company a “hold” rating in a report on Tuesday, April 21st. Raymond James Financial downgraded shares of Superior Plus from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$9.75 to C$8.50 in a report on Monday, February 23rd. Scotiabank downgraded shares of Superior Plus from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$8.50 to C$6.50 in a report on Monday, February 23rd. Finally, Desjardins downgraded shares of Superior Plus from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$8.75 to C$7.00 in a report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$8.11.

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Superior Plus Stock Performance

SPB stock traded down C$0.13 during midday trading on Friday, hitting C$7.66. 875,953 shares of the stock traded hands, compared to its average volume of 1,045,343. The firm has a market cap of C$1.64 billion, a P/E ratio of 30.64 and a beta of 0.29. The company has a debt-to-equity ratio of 244.09, a current ratio of 0.95 and a quick ratio of 0.46. The stock’s fifty day simple moving average is C$6.90 and its 200-day simple moving average is C$7.14. Superior Plus has a 1-year low of C$6.06 and a 1-year high of C$8.34.

Superior Plus (TSE:SPB – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 EPS for the quarter. The company had revenue of C$1.25 billion for the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%.

About Superior Plus

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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.

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