Superior Plus (TSE:SPB) Price Target Raised to C$9.50 at CIBC

Superior Plus (TSE:SPB) had its price target boosted by analysts at CIBC from C$9.00 to C$9.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 35.52% from the company’s previous close.

SPB has been the subject of a number of other research reports. TD Securities lifted their target price on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. National Bankshares boosted their price objective on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research note on Thursday. Raymond James raised shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th. ATB Capital raised their price target on shares of Superior Plus from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets lifted 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. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.80.

Superior Plus Stock Performance

SPB stock traded down C$0.10 during midday trading on Thursday, reaching C$7.01. 334,794 shares of the company’s stock traded hands, compared to its average volume of 909,555. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$9.82. The company has a 50-day moving average price of C$6.36 and a two-hundred day moving average price of C$6.66. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The firm has a market capitalization of C$1.18 billion, a PE ratio of 25.77 and a beta of 0.76.

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.