Superior Plus (TSE:SPB) PT Lowered to C$13.50 at BMO Capital Markets

Superior Plus (TSE:SPB) had its target price decreased by BMO Capital Markets from C$14.00 to C$13.50 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 12.50% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Industrial Alliance Securities raised shares of Superior Plus from a “buy” rating to a “strong-buy” rating and set a C$15.00 price target for the company in a research report on Thursday. Canaccord Genuity boosted their price target on shares of Superior Plus from C$13.75 to C$14.50 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Royal Bank of Canada cut 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 research report on Friday, July 12th. National Bank Financial reduced their price target on shares of Superior Plus from C$14.50 to C$14.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Raymond James reissued an “outperform” rating and issued a C$15.00 price target on shares of Superior Plus in a research report on Thursday, August 1st. 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. The stock presently has an average rating of “Buy” and an average price target of C$14.75.

SPB traded down C$0.08 on Thursday, reaching C$12.00. The company had a trading volume of 810,883 shares, compared to its average volume of 545,204. Superior Plus has a 1 year low of C$9.17 and a 1 year high of C$13.70. The company has a market cap of $2.12 billion and a PE ratio of 50.21. The company has a debt-to-equity ratio of 172.16, a current ratio of 1.00 and a quick ratio of 0.66. The stock’s 50-day simple moving average is C$13.24.

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.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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