Superior Plus (TSE:SPB) Price Target Raised to C$9.50

Superior Plus (TSE:SPB) had its price target raised by CIBC from C$9.00 to C$9.50 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Raymond James upgraded shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th. National Bankshares upped their price target on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research report on Thursday. TD Securities lifted their price target on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. ATB Capital increased their price objective on Superior Plus from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets lifted their target price on Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.80.

Superior Plus Trading Down 6.1 %

Shares of SPB stock opened at C$6.59 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The firm has a market capitalization of C$1.11 billion, a P/E ratio of 24.23 and a beta of 0.76. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$9.81. The stock’s fifty day simple moving average is C$6.37 and its 200 day simple moving average is C$6.65.

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.