Superior Plus Corp. (TSE:SPB) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Superior Plus Corp. (TSE:SPB - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$9.85.

SPB has been the subject of several research analyst reports. ATB Capital raised 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 note on Thursday, April 3rd. National Bankshares lifted their target price on Superior Plus from C$6.50 to C$7.50 and gave the company a "sector perform" rating in a report on Thursday, April 3rd. CIBC upped their price target on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Scotiabank upgraded shares of Superior Plus from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$7.50 to C$9.50 in a research report on Monday, April 7th. Finally, TD Securities raised their price objective on Superior Plus from C$9.00 to C$9.50 and gave the company a "buy" rating in a report on Thursday, April 3rd.

Superior Plus Stock Performance

Shares of Superior Plus stock traded up C$0.12 during trading hours on Friday, hitting C$6.63. 664,613 shares of the company's stock traded hands, compared to its average volume of 929,270. The stock has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 24.38 and a beta of 0.76. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$9.60. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The company has a fifty day simple moving average of C$6.47 and a 200-day simple moving average of C$6.57.

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.