The Globe and Mail reports in its Thursday, Nov. 9, edition that BMO Capital Markets analysts John Gibson continues to rate Superior Plus "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Gibson snipped 50 cents from his share target, taking it to $12.50. Analysts on average target the shares at $13.50.
Mr. Gibson says in a note: "Superior Plus's Q3/23 results were relatively in line with expectations, driven by another solid contribution from Certarus along with margin improvements in its Canadian/U.S. propane businesses. Typically, Q3 is seasonally low, although Superior Plus did reiterate its 2023 EBITDA guidance of $630-million to $670-million." The Globe reported on April 19 that Mr. Gibson had raised his recommendation for Superior Plus to "outperform" from "market perform." The shares could then be had for $10.86.
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