Superior Plus (TSE:SPB – Get Free Report) had its target price lowered by stock analysts at BMO Capital Markets from C$10.00 to C$9.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 26.94% from the company’s previous close.
SPB has been the subject of several other research reports. Scotiabank decreased their price target on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, August 19th. National Bank Financial lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. Royal Bank of Canada cut their price objective on Superior Plus from C$13.00 to C$11.00 in a report on Thursday, August 15th. Cormark cut their price objective on Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th. Finally, TD Securities reduced their target price on Superior Plus from C$10.00 to C$9.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$10.18.
Get Our Latest Stock Analysis on Superior Plus
Superior Plus Stock Performance
Superior Plus (TSE:SPB – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The company had revenue of C$578.62 million for 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%.
Superior Plus Company Profile
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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