Superior Plus (TSE:SPB) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Superior Plus (TSE:SPB) had its target price hoisted by analysts at BMO Capital Markets from C$8.00 to C$9.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 36.57% from the company’s previous close.

A number of other brokerages have also commented on SPB. TD Securities raised their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Raymond James raised Superior Plus from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 28th. Finally, CIBC boosted their price target 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. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$9.80.

Superior Plus Price Performance

TSE SPB opened at C$6.59 on Thursday. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 24.23 and a beta of 0.76. The business has a 50 day simple moving average of C$6.37 and a 200 day simple moving average of C$6.65. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$9.81.

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.