BMO Capital Markets Trims Superior Plus (TSE:SPB) Target Price to C$9.00

Superior Plus (TSE:SPB - Get Free Report) had its price target cut by BMO Capital Markets from C$10.00 to C$9.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 27.66% from the stock's previous close.

SPB has been the topic of a number of other reports. National Bankshares cut their price target on shares of Superior Plus from C$10.00 to C$9.00 in a report on Thursday, August 15th. Cibc World Mkts lowered shares of Superior Plus from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 15th. TD Securities lowered their price target on Superior Plus from C$10.00 to C$9.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Desjardins reduced their price objective on Superior Plus from C$10.50 to C$9.50 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Finally, Royal Bank of Canada cut their price objective on shares of Superior Plus from C$13.00 to C$11.00 in a report on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Superior Plus presently has a consensus rating of "Hold" and a consensus price target of C$10.18.

Superior Plus Trading Down 2.5 %

TSE:SPB traded down C$0.18 during mid-day trading on Tuesday, hitting C$7.05. 1,434,362 shares of the stock traded hands, compared to its average volume of 884,619. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. The stock has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -141.60 and a beta of 0.76. Superior Plus has a 52 week low of C$7.01 and a 52 week high of C$10.36. The firm's 50 day moving average is C$7.62 and its two-hundred day moving average is C$8.54.

Superior Plus (TSE:SPB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of C$578.62 million during the quarter, compared to analysts' expectations 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.