Superior Plus (TSE:SPB – Get Free Report) had its price objective upped by stock analysts at Desjardins from C$7.75 to C$8.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective would indicate a potential downside of 0.74% from the company’s current price.
Several other analysts have also commented on SPB. TD raised their target price on Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Stifel Nicolaus upped their price objective on Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. National Bank Financial raised their price objective on shares of Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Scotiabank lifted their target price 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. Finally, Canadian Imperial Bank of Commerce upgraded shares of Superior Plus from a “hold” rating to an “outperformer” rating in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$8.50.
Check Out Our Latest Report on SPB
Superior Plus Stock Performance
Superior Plus (TSE:SPB – Get Free Report) last announced its quarterly earnings results 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 for the quarter. Superior Plus had a return on equity of 5.20% and a net margin of 2.01%.
Insider Buying and Selling
In other Superior Plus news, insider Dale Alan Winger acquired 3,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of C$8.38 per share, for a total transaction of C$25,140.00. Following the completion of the transaction, 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. Insiders purchased 15,000 shares of company stock valued at $118,360 over the last quarter. 0.54% of the stock is currently owned by company insiders.
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.
See Also
- Five stocks we like better than Superior Plus
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Superior Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Plus and related companies with MarketBeat.com's FREE daily email newsletter.
