Superior Plus (TSE:SPB) Given New C$14.00 Price Target at National Bank Financial

Superior Plus (TSE:SPB) had its target price dropped by equities research analysts at National Bank Financial from C$14.50 to C$14.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 16.67% from the company’s current price.

A number of other analysts have also issued reports on SPB. BMO Capital Markets lowered Superior Plus from a “strong-buy” rating to a “buy” rating and boosted their price target for the company from C$14.75 to C$15.00 in a report on Friday, June 21st. Raymond James restated an “outperform” rating and set a C$15.00 price target on shares of Superior Plus in a report on Thursday, August 1st. Royal Bank of Canada downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating and set a C$14.00 price target for the company. in a report on Friday, July 12th. CIBC raised their price target on shares of Superior Plus from C$14.50 to C$16.00 in a report on Thursday, July 11th. Finally, Canaccord Genuity raised their price target on shares of Superior Plus from C$13.75 to C$14.50 and gave the stock a “buy” rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Superior Plus presently has an average rating of “Buy” and a consensus target price of C$14.75.

SPB stock traded down C$0.08 during trading on Thursday, hitting C$12.00. 810,883 shares of the company traded hands, compared to its average volume of 545,204. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 50.08. Superior Plus has a 1 year low of C$9.17 and a 1 year high of C$13.70. The stock has a 50-day moving average of C$13.24. The company has a debt-to-equity ratio of 172.16, a current ratio of 1.00 and a quick ratio of 0.66.

Superior Plus Company Profile

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

Further Reading: Depreciation

Analyst Recommendations for Superior Plus (TSE:SPB)

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