Desjardins Trims Superior Plus (TSE:SPB) Target Price to C$11.50

Superior Plus (TSE:SPB) had its price target decreased by stock analysts at Desjardins from C$13.50 to C$11.50 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 40.93% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada decreased their price target on shares of Superior Plus from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, July 12th. National Bankshares downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$12.00 to C$10.00 in a research note on Tuesday. National Bank Financial downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reduced their price objective on shares of Superior Plus from C$12.50 to C$12.00 in a research report on Tuesday. Finally, TD Securities cut their target price on shares of Superior Plus from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Superior Plus presently has an average rating of “Moderate Buy” and a consensus price target of C$12.11.

Superior Plus Stock Down 1.4 %

Shares of TSE SPB traded down C$0.12 during midday trading on Thursday, hitting C$8.16. The company’s stock had a trading volume of 875,578 shares, compared to its average volume of 834,148. Superior Plus has a 1 year low of C$8.10 and a 1 year high of C$10.90. The business’s fifty day simple moving average is C$9.06 and its two-hundred day simple moving average is C$9.40. The company has a debt-to-equity ratio of 129.19, a current ratio of 0.96 and a quick ratio of 0.46. The firm has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 40.43 and a beta of 0.81.

Superior Plus (TSE:SPB) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.05). Superior Plus had a return on equity of 2.58% and a net margin of 0.57%. The firm had revenue of C$1.21 billion during the quarter, compared to analysts’ expectations of C$1.38 billion. On average, equities analysts predict that Superior Plus will post 0.3347732 EPS for the current year.

Insider Buying and Selling at Superior Plus

In other news, Senior Officer Kirsten Olsen purchased 3,765 shares of the firm’s stock in a transaction on Monday, May 27th. The stock was purchased at an average cost of C$9.37 per share, with a total value of C$35,278.05. 0.49% of the stock is currently owned by corporate insiders.

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.