In a new note to investors today, an analyst has provided a rating update for the Services sector company, Superior Plus (TSX: SPB). Analyst Raveel Afzaal from Canaccord Genuity remains bullish on the stock and has a C$13.75 price target.
Afzaal has an average return of 7.8% when recommending Superior Plus.
According to TipRanks.com, Afzaal is ranked #2652 out of 4857 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$14.95 average price target.
Based on Superior Plus’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$11.4 million. In comparison, last year the company earned revenue of C$475 million and had a GAAP net loss of C$1.6 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 Tuesday at C$13.17, close to its 52-week high of C$13.51.
