Brokerages Set Superior Plus Corp. (TSE:SPB) Target Price at C$9.85

Superior Plus Corp. (TSE:SPB) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$9.85.

SPB has been the subject of several research analyst reports. Raymond James raised shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 28th. ATB Capital boosted their price target on shares of Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. National Bankshares boosted their target price on Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research report on Thursday, April 3rd. TD Securities upped their target price on Superior Plus from C$9.00 to C$9.50 and gave the company a “buy” rating in a research note on Thursday, April 3rd. Finally, BMO Capital Markets lifted their target price on Superior Plus from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd.

Superior Plus Trading Down 1.4 %

Shares of TSE:SPB opened at C$6.49 on Friday. 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 has a 12-month low of C$5.15 and a 12-month high of C$9.60. The company has a market cap of C$1.09 billion, a PE ratio of 23.86 and a beta of 0.76. The stock has a 50 day moving average of C$6.44 and a 200 day moving average of C$6.59.

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.