Buy Rating Superior Plus (SPB) has received a rating update from a Wall Street analyst on June 27. RBC Capital’s analyst, Nelson Ng, reiterates their Buy rating on the shares, with a C$15.00 price target. According to TipRanks.com, Ng is ranked #653 out of 8474 analysts. Superior Plus has an analyst consensus of Strong Buy, with a price target consensus of C$14.60.
I would tend to agree with the analysts regarding SPB; however, it is always important to consider risk. In my opinion, SPB's debt has been rising again making the dividend not a sure bet and, as SPB continues to consolidate the industry, shareholders are at risk of further dilution if SPB issues more shares for other company buyouts. Finally, some are saying that propane and gas are on their way out as a source of heating for homes, that is why SPB bought Certarus. FYI. GLTA!