Superior Plus (TSE:SPB) Rating Increased to Moderate Buy at Raymond James

Superior Plus (TSE:SPB) was upgraded by analysts at Raymond James from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Friday,Zacks.com reports. Raymond James also issued estimates for Superior Plus’ Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.31) EPS, Q4 2025 earnings at $0.34 EPS and FY2026 earnings at $0.48 EPS.

SPB has been the topic of a number of other research reports. Scotiabank dropped their price target on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, November 11th. Cibc World Mkts raised shares of Superior Plus to a “strong-buy” rating in a report on Friday, November 8th. TD Securities upped their price target on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Finally, CIBC raised their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$9.95.

Superior Plus Trading Up 3.5 %

SPB opened at C$6.84 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The firm has a market cap of C$1.15 billion, a P/E ratio of 25.15 and a beta of 0.76. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The business has a fifty day simple moving average of C$6.21 and a 200-day simple moving average of C$6.83.

Insider Buying and Selling

In other news, Senior Officer Natasha Anne Cherednichenko acquired 4,800 shares of Superior Plus stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of C$6.13 per share, for a total transaction of C$29,445.12. Insiders own 0.54% of the company’s stock.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.