Brokerages Set Superior Plus Corp. (TSE:SPB) Price Target at C$9.95

Superior Plus Corp. (TSE:SPB) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research 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 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$9.95.

SPB has been the subject of several research analyst reports. Scotiabank reduced their price objective on Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. Cibc World Mkts upgraded shares of Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th. CIBC increased their target price on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, TD Securities increased their price target on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th.

Superior Plus Stock Up 0.3 %

Superior Plus stock opened at C$6.01 on Friday. Superior Plus has a 12 month low of C$5.15 and a 12 month high of C$10.36. The stock has a fifty day simple moving average of C$6.20 and a two-hundred day simple moving average of C$6.86. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The firm has a market cap of C$1.01 billion, a price-to-earnings ratio of 22.10 and a beta of 0.76.

Insider Activity at Superior Plus

In related news, Senior Officer Natasha Anne Cherednichenko bought 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of C$6.13 per share, with a total value of C$29,445.12. 0.54% of the stock is owned by corporate 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.