Superior Plus (TSE:SPB - Free Report) had its target price increased by CIBC from C$9.00 to C$9.50 in a report released on Thursday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.
A number of other brokerages have also recently issued reports on SPB. Raymond James upgraded shares of Superior Plus from a "hold" rating to a "moderate buy" rating in a report on Friday, February 28th. TD Securities lifted their price target on Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. ATB Capital increased their price objective on 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 raised 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. Finally, BMO Capital Markets increased their price target on Superior Plus from C$8.00 to C$9.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$9.85.
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Superior Plus Stock Down 0.9 %
Shares of TSE:SPB traded down C$0.06 during trading on Thursday, reaching C$6.34. 1,303,581 shares of the stock were exchanged, compared to its average volume of 938,781. The stock has a fifty day moving average of C$6.37 and a two-hundred day moving average of C$6.63. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$9.77. 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 firm has a market cap of C$1.07 billion, a price-to-earnings ratio of 23.31 and a beta of 0.76.
Superior Plus Company Profile
(
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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.
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