Raymond James Analysts Give Superior Plus (SPB) a C$14.50 Price Target

Superior Plus (TSE:SPB) received a C$14.50 target price from equities researchers at Raymond James in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 17.31% from the stock’s previous close.

SPB has been the topic of a number of other reports. Canaccord Genuity reduced their price objective on shares of Superior Plus from C$13.75 to C$13.50 in a research report on Tuesday, February 19th. National Bank Financial reduced their price objective on shares of Superior Plus from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 23rd. Desjardins reduced their price objective on shares of Superior Plus from C$15.00 to C$14.00 in a research report on Wednesday, January 16th. Cormark dropped their target price on shares of Superior Plus from C$16.00 to C$15.00 in a research note on Tuesday, February 12th. Finally, AltaCorp Capital restated an “outperform” rating on shares of Superior Plus in a research note on Wednesday, February 13th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Superior Plus presently has an average rating of “Buy” and an average price target of C$14.60.

Superior Plus stock opened at C$12.36 on Friday. The company has a debt-to-equity ratio of 170.25, a quick ratio of 0.80 and a current ratio of 1.12. Superior Plus has a 1-year low of C$9.17 and a 1-year high of C$13.56. The stock has a market capitalization of $2.16 billion and a P/E ratio of -57.49.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Thursday, February 14th. The company reported C$0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.02). The company had revenue of C$887.00 million for the quarter, compared to the consensus estimate of C$857.00 million. Sell-side analysts expect that Superior Plus will post 0.769999991234676 EPS for the current fiscal year.

About Superior Plus

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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