Superior Plus (SPB) Gets a Buy Rating from Canaccord Genuity

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Superior Plus (SPBResearch Report). Analyst Raveel Afzaal from Canaccord Genuity remains bullish on the stock and has a C$13.50 price target.

According to TipRanks.com, Afzaal is ranked #3952 out of 5188 analysts.

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Superior Plus has an analyst consensus of Strong Buy, with a price target consensus of C$13.96.

Based on Superior Plus’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$887 million and GAAP net loss of C$48.3 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$11.40.