BMO Capital Markets Lowers Superior Plus (TSE:SPB) Price Target to C$12.00

Superior Plus (TSE:SPB - Get Free Report) had its price objective lowered by equities researchers at BMO Capital Markets from C$12.50 to C$12.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 44.93% from the stock's current price.Get Superior Plus alerts:Several other equities analysts have also commented on the company. Royal Bank of Canada reduced their price target on Superior Plus from C$15.00 to C$13.00 and set an "outperform" rating on the stock in a research report on Friday. TD Securities dropped their price target on Superior Plus from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research report on Monday. Finally, National Bankshares lowered Superior Plus from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$12.00 to C$10.00 in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$12.33.View Our Latest Stock Analysis on Superior PlusSuperior Plus Stock PerformanceShares of TSE SPB traded down C$0.23 during mid-day trading on Tuesday, hitting C$8.28. 1,423,783 shares of the company were exchanged, compared to its average volume of 825,337. The company has a quick ratio of 0.46, a current ratio of 0.96 and a debt-to-equity ratio of 129.19. The stock has a 50 day simple moving average of C$9.10 and a 200-day simple moving average of C$9.42. Superior Plus has a 1-year low of C$8.24 and a 1-year high of C$10.90. The firm has a market cap of C$2.06 billion, a price-to-earnings ratio of 40.43 and a beta of 0.81. Superior Plus (TSE:SPB - Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.40 earnings per share for the quarter, missing analysts' consensus estimates of C$0.45 by C($0.05). The firm had revenue of C$1.21 billion during the quarter, compared to analysts' expectations of C$1.38 billion. Superior Plus had a net margin of 0.57% and a return on equity of 2.58%. On average, sell-side analysts forecast that Superior Plus will post 0.3347732 EPS for the current fiscal year. Insider Activity at Superior PlusIn related news, Senior Officer Kirsten Olsen acquired 3,765 shares of the business's stock in a transaction that occurred on Monday, May 27th. The shares were acquired 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 owned by company insiders. Superior Plus Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Superior PlusAre Penny Stocks a Good Fit for Your Portfolio?Tech Leader's Stock Split: Is It the Right Time to Buy?5 Top Rated Dividend Stocks to ConsiderCould the Economy be Bottoming? Major Bank's Earnings Say YesWhat is the Euro STOXX 50 Index?Seize This Prime Stock Opportunity on Amazon Prime DaysThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ You're missing out on these earnings plays (From StockEarnings) (Ad)Should you invest $1,000 in Superior Plus right now?Before you consider Superior Plus, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Superior Plus wasn't on the list.While Superior Plus currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here