Superior Plus Corp. (TSE:SPB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$9.95.

Several analysts have commented on the stock. CIBC boosted their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Scotiabank decreased their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Cibc World Mkts raised shares of Superior Plus to a “strong-buy” rating in a report on Friday, November 8th. Finally, TD Securities upped their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th.

Insider Buying and Selling at Superior Plus

In related news, Senior Officer Natasha Anne Cherednichenko purchased 4,800 shares of Superior Plus stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of C$6.13 per share, with a total value of C$29,445.12. Insiders own 0.54% of the company’s stock.

Superior Plus Stock Performance

SPB stock opened at C$6.84 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 25.15 and a beta of 0.76. Superior Plus has a 12 month low of C$5.15 and a 12 month high of C$10.36. The firm has a 50 day moving average of C$6.21 and a two-hundred day moving average of C$6.83.

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.