ATB Capital Forecasts Strong Price Appreciation for Superior Plus (TSE:SPB) Stock

Superior Plus (TSE:SPB) had its price objective increased by investment analysts at ATB Capital from C$10.00 to C$11.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price target suggests a potential upside of 66.92% from the company’s previous close.

SPB has been the subject of several other reports. Raymond James upgraded Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th. BMO Capital Markets raised their target price on shares of Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday. National Bankshares lifted their target price on shares of Superior Plus from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a research note on Thursday. CIBC raised 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. Finally, TD Securities upped their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$9.80.

Superior Plus Stock Performance

Superior Plus stock opened at C$6.59 on Thursday. The firm has a fifty day simple moving average of C$6.37 and a two-hundred day simple moving average of C$6.65. 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$9.81. The company has a market capitalization of C$1.11 billion, a PE ratio of 24.23 and a beta of 0.76.

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.