Superior Plus (TSE:SPB) Price Target Raised to C$9.00 at CIBC

Superior Plus (TSE:SPB) had its price objective lifted by CIBC from C$8.50 to C$9.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 41.96% from the company’s current price.

Several other equities analysts have also commented on the stock. Desjardins dropped their price target on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Scotiabank cut their target price on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. TD Securities upped their price target on Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. Cibc World Mkts upgraded Superior Plus to a “strong-buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets reduced their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.95.

Superior Plus Trading Up 0.3 %

TSE SPB traded up C$0.02 during trading hours on Thursday, hitting C$6.34. 194,892 shares of the company’s stock were exchanged, compared to its average volume of 866,310. The business’s 50 day moving average is C$6.40 and its 200-day moving average is C$7.45. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$10.36. The firm has a market capitalization of C$1.58 billion, a P/E ratio of -126.80 and a beta of 0.76.

Insider Buying and Selling at Superior Plus

In other news, Director Patrick Edward Gottschalk acquired 100,000 shares of Superior Plus stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of C$6.32 per share, for a total transaction of C$632,150.40. Also, Director Shawn Bradley Vammen bought 5,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of C$6.35 per share, with a total value of C$31,750.00. 0.54% of the stock is currently owned by corporate insiders.

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.