Superior Plus (TSE:SPB) Price Target Cut to C$9.00 by Analysts at Scotiabank

Superior Plus (TSE:SPB - Get Free Report) had its price objective dropped by research analysts at Scotiabank from C$12.00 to C$9.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank's target price points to a potential upside of 40.19% from the company's current price.

Several other research firms have also issued reports on SPB. Stifel Nicolaus dropped their price target on Superior Plus from C$12.50 to C$12.00 and set a "buy" rating on the stock in a research report on Friday, August 16th. ATB Capital dropped their target price on Superior Plus from C$13.00 to C$12.00 in a research report on Thursday, August 15th. Royal Bank of Canada lowered their target price on Superior Plus from C$13.00 to C$11.00 in a report on Thursday, August 15th. National Bankshares decreased their price target on Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Finally, CIBC upgraded Superior Plus from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from C$9.50 to C$8.50 in a research report on Friday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$9.91.

Superior Plus Stock Up 0.8 %

TSE:SPB traded up C$0.05 during mid-day trading on Monday, hitting C$6.42. The stock had a trading volume of 1,190,333 shares, compared to its average volume of 942,704. The company has a market capitalization of C$1.60 billion, a PE ratio of -128.60 and a beta of 0.76. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$10.36. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. The stock has a 50-day simple moving average of C$7.33 and a two-hundred day simple moving average of C$8.27.

Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing analysts' consensus estimates of C($0.19) by C($0.08). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The company had revenue of C$578.62 million for the quarter, compared to analysts' expectations of C$710.53 million.

Insider Activity at Superior Plus

In other Superior Plus news, Director Patrick Edward Gottschalk bought 100,000 shares of the stock in a transaction on Friday, November 8th. The shares were acquired at an average price of C$6.32 per share, with a total value of C$632,150.40. 0.54% of the stock is owned by company insiders.

About Superior Plus

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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