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

Superior Plus (TSE:SPB) had its target price boosted by TD Securities from C$9.00 to C$9.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms also recently weighed in on SPB. ATB Capital upped their target price on Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James upgraded Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th. CIBC raised their price objective on Superior Plus from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets upped 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 research report on Thursday. Finally, National Bankshares lifted 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. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$9.80.

Superior Plus Trading Down 6.1 %

Shares of SPB opened at C$6.59 on Thursday. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$9.81. The firm has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 24.23 and a beta of 0.76. The firm’s 50-day moving average price is C$6.37 and its 200-day moving average price is C$6.65. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35.

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.