CIBC Reiterates Their Buy Rating on Superior Plus (SPB)
The Services sector company, Superior Plus (SPB), has received a rating update from a Wall Street analyst yesterday. CIBC’s analyst Jacob Bout reiterates their Buy rating on the shares, with a C$14.50 price target.
According to TipRanks.com, Bout is ranked #3173 out of 5144 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Superior Plus with a C$14.80 average price target.
Based on Superior Plus’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$39.8 million. In comparison, last year the company had a net profit of C$45.3 million.
Superior Plus Corp. engages in the provision of propane distribution, specialty chemicals, construction products distribution and fixed price energy services. The company operates through two segments: Energy Distribution and Specialty Chemicals.
The company’s shares closed on Wednesday at C$10.38.