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

Superior Plus Corp. (TSE:SPB) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$9.95.

A number of brokerages recently issued reports on SPB. CIBC increased their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. TD Securities increased their price objective on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Finally, Raymond James raised Superior Plus from a “hold” rating to a “moderate buy” rating in a report on Friday, February 28th.

Superior Plus Stock Up 0.9 %

Shares of TSE SPB opened at C$6.61 on Wednesday. Superior Plus has a one year low of C$5.15 and a one year high of C$10.36. 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 business’s fifty day moving average price is C$6.28 and its 200-day moving average price is C$6.73. The stock has a market capitalization of C$1.11 billion, a PE ratio of 24.30 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.