Analysts have been quite happy with Superior Plus (SPB) stock lately, with another positive rating update this time from National Bank. National Bank’s analyst Patrick Kenny reiterates their Buy rating on the shares today.
According to TipRanks.com, Kenny is a 1-star analyst with an average return of -1.8% and a 54.5% success rate. Kenny covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
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Currently, the analyst consensus on Superior Plus is a Strong Buy with an average price target of C$14.05, which is a 29.9% upside from current levels. In a report issued on January 14, Raymond James also maintained a Buy rating on the stock with a C$14.50 price target.
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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$10.82.
