Superior Plus (TSE:SPB – Get Free Report) was downgraded by equities research analysts at CIBC from an “outperform” rating to a “neutral” rating in a research note issued on Thursday, BayStreet.CA reports. They presently have a C$10.00 target price on the stock, down from their previous target price of C$14.00. CIBC’s target price would indicate a potential upside of 29.03% from the stock’s current price.
Other research analysts also recently issued reports about the stock. National Bank Financial downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. Royal Bank of Canada lowered their price target on shares of Superior Plus from C$13.00 to C$11.00 in a report on Thursday. BMO Capital Markets lowered their price target on shares of Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating for the company in a report on Wednesday. Desjardins lowered their price target on shares of Superior Plus from C$13.50 to C$11.50 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, National Bankshares lowered their price target on shares of Superior Plus from C$10.00 to C$9.00 in a report on Thursday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$10.86.
Read Our Latest Stock Report on SPB
Superior Plus Price Performance
Superior Plus (TSE:SPB – Get Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.40 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.05). The firm had revenue of C$1.21 billion for the quarter, compared to analyst estimates of C$1.38 billion. Superior Plus had a net margin of 0.57% and a return on equity of 2.58%. Equities research analysts forecast that Superior Plus will post 0.2619128 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Senior Officer Kirsten Olsen purchased 3,765 shares of the business’s stock in a transaction on Monday, May 27th. The shares were acquired at an average price of C$9.37 per share, with a total value of C$35,278.05. 0.54% of the stock is currently owned by insiders.
About Superior Plus
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.
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