Superior Plus (TSE:SPB) Given New C$9.50 Price Target at TD Securities

Superior Plus (TSE:SPB) had its target price raised by TD Securities from C$9.00 to C$9.50 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. ATB Capital boosted their price objective on shares of Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James raised Superior Plus from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 28th. BMO Capital Markets raised their price objective on Superior Plus from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday. National Bankshares lifted their price objective on Superior Plus from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a report on Thursday. Finally, CIBC upped their target price on Superior Plus from C$9.00 to C$9.50 and gave the company an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$9.80.

Superior Plus Price Performance

Shares of TSE SPB opened at C$7.02 on Thursday. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. Superior Plus has a one year low of C$5.15 and a one year high of C$9.82. The firm has a market capitalization of C$1.18 billion, a P/E ratio of 25.81 and a beta of 0.76. The company’s fifty day moving average is C$6.37 and its two-hundred day moving average is C$6.66.

About Superior Plus

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.