Superior Plus (TSE:SPB) Downgraded to Buy at BMO Capital Markets

BMO Capital Markets cut shares of Superior Plus (TSE:SPB) from a strong-buy rating to a buy rating in a research report sent to investors on Friday, BayStreet.CA reports. BMO Capital Markets currently has C$15.00 price target on the stock, up from their previous price target of C$14.75.

Several other analysts also recently issued reports on SPB. Canaccord Genuity lifted their target price on Superior Plus from C$13.75 to C$14.50 and gave the company a buy rating in a research note on Tuesday, June 11th. Raymond James set a C$14.50 target price on Superior Plus and gave the company an outperform rating in a research note on Friday, May 10th. National Bank Financial lifted their target price on Superior Plus from C$14.00 to C$14.50 and gave the company an outperform rating in a research note on Thursday, March 21st. Finally, Desjardins lifted their target price on Superior Plus from C$14.00 to C$14.50 in a research note on Friday, May 10th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of C$14.80.

Shares of SPB opened at C$13.44 on Friday. The company’s 50 day simple moving average is C$12.48. The company has a market cap of $2.39 billion and a P/E ratio of 28.12. Superior Plus has a 12-month low of C$9.17 and a 12-month high of C$13.65. The company has a debt-to-equity ratio of 163.24, a current ratio of 1.33 and a quick ratio of 0.98.

Superior Plus (TSE:SPB) last issued its earnings results on Thursday, May 9th. The company reported C$0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.61 by C$0.30. The business had revenue of C$1.02 billion for the quarter, compared to the consensus estimate of C$1.03 billion. On average, equities research analysts predict that Superior Plus will post 0.98 EPS for the current 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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