In a new note to investors today, an analyst has provided a rating update for Superior Plus (SPB). Desjardins’ analyst David Newman reiterates their Buy rating on the shares, with a C$14 price target.
According to TipRanks.com, Newman is ranked #3823 out of 5149 analysts.
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Superior Plus has an analyst consensus of Strong Buy, with a price target consensus of C$14.45, a 42.6% upside from current levels. In a report issued on January 9, CIBC also reiterated a Buy rating on the stock.
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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$10.14.
