Superior Plus (TSE:SPB) Price Target Raised to C$7.50

Superior Plus (TSE:SPB) had its target price hoisted by National Bankshares from C$6.50 to C$7.50 in a research report released on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms have also weighed in on SPB. Raymond James upgraded shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 28th. BMO Capital Markets increased their price target on Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Securities raised their price target on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Finally, CIBC upped their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Superior Plus presently has an average rating of “Moderate Buy” and a consensus target price of C$9.80.

Superior Plus Stock Down 6.1 %

Shares of TSE:SPB opened at C$6.59 on Thursday. The company’s fifty day moving average is C$6.37 and its two-hundred day moving average is C$6.65. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$9.81. The stock has a market capitalization of C$1.11 billion, a price-to-earnings 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.