Brokerages Set Superior Plus Corp. (TSE:SPB) Price Target at C$9.95

Superior Plus Corp. (TSE:SPB) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$9.95.

SPB has been the subject of several analyst reports. TD Securities boosted their price objective on Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Raymond James upgraded Superior Plus from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 28th. Finally, CIBC raised their price target on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, January 9th.

Superior Plus Trading Down 1.5 %

Shares of TSE:SPB opened at C$6.59 on Wednesday. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$10.36. 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 company has a market cap of C$1.11 billion, a PE ratio of 24.23 and a beta of 0.76. The company’s 50-day moving average price is C$6.30 and its 200 day moving average price is C$6.71.

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.