Superior Plus (TSE:SPB - Get Free Report) had its price objective increased by stock analysts at CIBC from C$8.50 to C$9.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's target price would suggest a potential upside of 41.96% from the company's current price.
A number of other research firms also recently weighed in on SPB. Cibc World Mkts upgraded Superior Plus to a "strong-buy" rating in a research report on Friday, November 8th. TD Securities boosted their price objective on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. BMO Capital Markets reduced their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Tuesday, October 22nd. Scotiabank dropped their price target on shares of Superior Plus from C$12.00 to C$9.00 in a research note on Monday, November 11th. Finally, Desjardins reduced their price objective on shares of Superior Plus from C$10.50 to C$9.50 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$9.95.
Check Out Our Latest Report on SPB
Superior Plus Price Performance
Shares of SPB stock traded up C$0.02 during trading hours on Thursday, reaching C$6.34. 330,587 shares of the company were exchanged, compared to its average volume of 890,409. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. The company has a market cap of C$1.58 billion, a price-to-earnings ratio of -126.80 and a beta of 0.76. The stock's fifty day moving average is C$6.40 and its two-hundred day moving average is C$7.44. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$10.36.
Insiders Place Their Bets
In related news, Director Shawn Bradley Vammen acquired 5,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of C$6.35 per share, with a total value of C$31,750.00. Also, Director Patrick Edward Gottschalk purchased 100,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of C$6.32 per share, for a total transaction of C$632,150.40. Corporate insiders own 0.54% of the company's stock.
Superior Plus Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Superior Plus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Superior Plus wasn't on the list.
While Superior Plus currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
