01:40:13 EDT Sun 12 May 2024
Enter Symbol
or Name
USA
CA



Superior Plus Corp
Symbol SPB
Shares Issued 200,717,445
Close 2023-06-01 C$ 9.73
Market Cap C$ 1,952,980,740
Recent Sedar Documents

Globe says Catellier likes Superior's move on Certarus

2023-06-02 07:56 ET - In the News

The Globe and Mail reports in its Friday edition that CIBC World Markets analyst Robert Catellier has resumed coverage on Superior Plus with an "outperform" recommendation following the completion of its $1.05-billion acquisition of Certarus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Catellier boosted his share target by a loonie to $13.50. Analysts on average target the shares at $13.27. Mr. Catellier says in a note: "The acquisition is transformative, adding low carbon fuels to the existing distribution platform and enhancing organic growth. The reasonable valuation paid and strong accretion are major positives offsetting expected flowback from the stock component of the consideration paid." The Globe reported on Oct. 10, 2020, that Desjardins Securities analyst David Newman had an unchanged "buy" recommendation on Superior Plus, which was then worth $12.34. The Globe reported on Jan. 18, 2022, that Desjardins Securities analyst David Newman had elevated his recommendation for Superior Plus to "buy" from "hold." It was then worth $12.84. The Globe reported on April 25, 2023, that Desjardins Securities analyst Gary Ho continued to rate Superior Plus "buy." It was then worth $11.02.

© 2024 Canjex Publishing Ltd. All rights reserved.