TD Securities Lowers Superior Plus (TSE:SPB) Price Target to C$7.50

Superior Plus (TSE:SPBGet Free Report) had its target price reduced by investment analysts at TD Securities from C$9.00 to C$7.50 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 17.37% from the stock’s previous close.

SPB has been the subject of several other research reports. Stifel Nicolaus decreased their price target on Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Friday, August 16th. BMO Capital Markets lowered their price target on shares of Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. CIBC cut shares of Superior Plus from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$14.00 to C$10.00 in a research report on Thursday, August 15th. Desjardins dropped their target price on shares of 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, Scotiabank decreased their price target on Superior Plus from C$12.00 to C$9.00 in a report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$9.91.

View Our Latest Stock Analysis on Superior Plus

Superior Plus Price Performance

Shares of SPB traded up C$0.79 during midday trading on Friday, hitting C$6.39. The company’s stock had a trading volume of 2,924,214 shares, compared to its average volume of 938,287. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. Superior Plus has a one year low of C$5.15 and a one year high of C$10.36. The stock has a market capitalization of C$1.59 billion, a price-to-earnings ratio of -128.60 and a beta of 0.76. The company’s fifty day simple moving average is C$7.35 and its two-hundred day simple moving average is C$8.30.

Superior Plus (TSE:SPBGet Free Report) last released its quarterly earnings data 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). The firm had revenue of C$578.62 million for the quarter, compared to analyst estimates of C$710.53 million. Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%.

About Superior Plus

(Get Free Report)

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.

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