Raymond James Thinks Superior Plus’ Stock is Going to Recover


Superior Plus (SPB) has received a rating update from a Wall Street analyst yesterday. Raymond James’ analyst Steve Hansen reiterates their Buy rating on the shares, with a C$15 price target.

According to TipRanks.com, Hansen is ranked #2507 out of 5134 analysts.

Read also: This Analyst Presses the ‘Buy’ Button on Foot Locker (FL) Stock on Back of Strong Earnings

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Superior Plus with a C$14.95 average price target, representing a 42.8% upside. In a report issued on November 28, TD Securities also upgraded the stock to Buy with a C$16 price target.

.

Superior Plus’ market cap is currently C$1.82B and has a P/E ratio of 21.2. The company has a Price to Book ratio of 1.66.

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 Monday at C$10.47, close to its 52-week low of C$10.08.