Superior Plus (TSE:SPB) Price Target Cut to C$9.00

Superior Plus (TSE:SPB - Get Free Report) had its price target decreased by equities research analysts at TD Securities from C$10.00 to C$9.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 22.45% from the company's current price.

Other research analysts have also issued reports about the stock. Cibc World Mkts lowered shares of Superior Plus from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 15th. BMO Capital Markets lowered their price target on Superior Plus from C$12.00 to C$10.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 14th. Scotiabank decreased their target price on Superior Plus from C$12.00 to C$9.00 in a report on Monday, August 19th. Desjardins cut their price target on Superior Plus from C$13.50 to C$11.50 and set a "buy" rating for the company in a report on Thursday, July 18th. Finally, ATB Capital decreased their price objective on shares of Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$10.45.

Superior Plus Stock Down 0.3 %

SPB traded down C$0.02 on Tuesday, hitting C$7.35. 1,278,825 shares of the company were exchanged, compared to its average volume of 876,614. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. The stock's fifty day moving average is C$7.65 and its 200-day moving average is C$8.62. The company has a market cap of C$1.83 billion, a PE ratio of -147.00 and a beta of 0.76. Superior Plus has a 12 month low of C$7.20 and a 12 month high of C$10.36.

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

Superior Plus Company Profile

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.