Superior Plus (TSE:SPB – Get Free Report) had its price target decreased by research analysts at TD Securities from C$9.00 to C$7.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 17.74% from the company’s previous close.
Several other analysts have also issued reports on the company. ATB Capital lowered their target price on Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. National Bankshares dropped their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a report on Thursday, August 15th. BMO Capital Markets cut their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada lowered their price target on shares of Superior Plus from C$13.00 to C$11.00 in a research report on Thursday, August 15th. Finally, National Bank Financial downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$9.91.
Check Out Our Latest Stock Analysis on Superior Plus
Superior Plus Price Performance
Superior Plus (TSE:SPB – Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. The company had revenue of C$578.62 million during the quarter, compared to analysts’ expectations of C$710.53 million.
Superior Plus Company Profile
Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.
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