Superior Plus Corp. (TSE:SPB) Given Consensus Rating of “Moderate Buy” by Brokerages

Superior Plus Corp. (TSE:SPB) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$9.95.

SPB has been the subject of a number of research reports. Scotiabank lowered their target price on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, November 11th. TD Securities boosted their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Cibc World Mkts raised shares of Superior Plus to a “strong-buy” rating in a report on Friday, November 8th. Finally, CIBC increased their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th.

Insider Activity

In other news, Senior Officer Natasha Anne Cherednichenko purchased 4,800 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of C$6.13 per share, for a total transaction of C$29,445.12. 0.54% of the stock is currently owned by corporate insiders.

Superior Plus Price Performance

Shares of TSE:SPB opened at C$5.99 on Friday. The company has a 50 day moving average of C$6.20 and a 200-day moving average of C$6.89. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The stock has a market cap of C$1.01 billion, a price-to-earnings ratio of 22.02 and a beta of 0.76. Superior Plus has a one year low of C$5.15 and a one year high of C$10.36.

Superior Plus Company Profile

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.