Superior Plus (TSE:SPB - Get Free Report) was upgraded by Scotiabank from a "sector perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm currently has a C$9.50 target price on the stock, up from their previous target price of C$7.50. Scotiabank's price target suggests a potential upside of 45.71% from the company's current price.
A number of other equities research analysts have also weighed in on SPB. National Bankshares boosted their price objective on shares of 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. BMO Capital Markets increased their price objective on Superior Plus from C$8.00 to C$9.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. ATB Capital lifted their target price on Superior Plus from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. TD Securities increased their price target on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Finally, CIBC lifted their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the company an "outperform" rating in a research note 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. Based on data from MarketBeat.com, Superior Plus has an average rating of "Moderate Buy" and a consensus price target of C$9.85.
Check Out Our Latest Analysis on Superior Plus
Superior Plus Stock Up 2.5 %
Shares of SPB stock traded up C$0.16 during trading hours on Monday, reaching C$6.52. 682,405 shares of the company's stock were exchanged, compared to its average volume of 947,283. The stock has a market cap of C$1.10 billion, a PE ratio of 23.97 and a beta of 0.76. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The stock's fifty day moving average price is C$6.42 and its two-hundred day moving average price is C$6.60. Superior Plus has a 1 year low of C$5.15 and a 1 year high of C$9.60.
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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