19:26:43 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Superior Plus Corp
Symbol SPB
Shares Issued 248,558,857
Close 2023-11-10 C$ 9.73
Market Cap C$ 2,418,477,679
Recent Sedar Documents

Globe says Desjardins's Ho keeps Superior Plus at "buy"

2023-11-10 08:26 ET - In the News

The Globe and Mail reports in its Friday, Nov. 10, edition that Desjardins Securities analyst Gary Ho has reaffirmed his "buy" recommendation for Superior Plus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ho cut his share target to $13.50 from $14.50. Analysts on average target the shares at $13.41. Mr. Ho says in a note: "[Third quarter] results were ahead of our estimates but below consensus, and Superior Plus reiterated 2023 guidance. Strong Certarus and U.S. propane results were offset by lower Canada and wholesale propane. We believe greater clarity into the strategy/fine-tuning of capital allocation priorities should create shareholder value. We trimmed our target on a lower multiple as we await new management's formal messaging and to reflect the upcoming Certarus November lock-up expiry." The Globe reported on April 25 and July 21 that Mr. Ho continued to rate Superior Plus "buy." The shares could then be had for $11.02 and $9.81. The Globe reported on June 2 that CIBC World Markets analyst Robert Catellier had resumed coverage on Superior Plus with an "outperform" recommendation. The shares could then be had for $9.73.

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