Superior Plus (TSE:SPB) Price Target Cut to C$9.00 by Analysts at TD Securities

Superior Plus (TSE:SPB) had its price objective lowered by equities researchers at TD Securities from C$10.00 to C$9.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 21.62% from the stock’s current price.

SPB has been the topic of a number of other reports. Cibc World Mkts downgraded Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. BMO Capital Markets cut their target price on Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Cormark cut their target price on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. Scotiabank cut their target price on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, August 19th. Finally, Royal Bank of Canada lowered their price target on Superior Plus from C$13.00 to C$11.00 in a report on Thursday, August 15th. Six equities 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.com, the stock has a consensus rating of “Hold” and an average target price of C$10.45.

Superior Plus Stock Up 0.4 %

TSE:SPB traded up C$0.03 during trading hours on Tuesday, reaching C$7.40. 407,454 shares of the company traded hands, compared to its average volume of 872,238. The business’s 50-day moving average price is C$7.66 and its two-hundred day moving average price is C$8.64. The stock has a market capitalization of C$1.84 billion, a P/E ratio of -148.00 and a beta of 0.76. Superior Plus has a 1 year low of C$7.20 and a 1 year high of C$10.36. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90.

Superior Plus (TSE:SPB) last issued 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). The firm had revenue of C$578.62 million during the quarter, compared to the consensus estimate of C$710.53 million. Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%.

About Superior Plus

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.