Superior Plus (TSE:SPB) Upgraded by Scotiabank to “Outperform” Rating

Superior Plus (TSE:SPB) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a C$9.50 target price on the stock, up from their previous target price of C$7.50. Scotiabank’s price objective would indicate a potential upside of 44.82% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Raymond James upgraded shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 28th. ATB Capital lifted their price target on Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday. CIBC raised their price target on Superior Plus from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research report on Thursday. TD Securities upped their price objective on Superior Plus from C$9.00 to C$9.50 and gave the stock a “buy” rating in a research report on Thursday. Finally, National Bankshares raised their price objective on Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$9.85.

Superior Plus Stock Down 0.5 %

Superior Plus stock traded down C$0.03 during midday trading on Monday, reaching C$6.56. The stock had a trading volume of 755,135 shares, compared to its average volume of 929,989. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$9.78. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The firm’s fifty day simple moving average is C$6.37 and its 200-day simple moving average is C$6.64. The stock has a market capitalization of C$1.10 billion, a P/E ratio of 24.12 and a beta of 0.76.

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.