Superior Plus (SPB) Gets a Buy Rating from Raymond James

Superior Plus (SPBResearch Report), the Services sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Steve Hansen, with a C$14.50 price target.

Hansen has an average return of 13.8% when recommending Superior Plus.

According to TipRanks.com, Hansen is ranked #794 out of 5196 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$14.32 average price target, a 10.8% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$14 price target.

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Based on Superior Plus’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.04 billion and net profit of C$159 million. In comparison, last year the company had a net profit of C$47.3 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$12.92, close to its 52-week high of C$13.56.