Superior Plus Corp T.SPB

Buy Rating

[Schussing56]

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!

[pennydredful]

NG  is  based in Vancouver  making  him  more  a  Howe  Street analyst   than  a Wall  Street   one. 

[Schussing56]

Howe Street analyst? What do you mean? There is no stock exchange in Vancouver anymore. The Vancouver Stock Exchange merged with the Alberta exchange and the Bourse exchange (Montreal) in 1999, and they, together, became the Venture Exchange (VSE). Ng claims to have acquired a 171 % return for clients on his Methanex recommendation. 

[pennydredful]

NG   lives  and works  in  Vancouver  .   How   does  that  make him  a  Wall Street  analyst  ?  Howe  Street  is  the  street in  Vancouver  associated   with  things financial wise  no matter  the demise of  the Vancouver exchange  

[Freezerburn]

Same way you're a Stockhouse poster but don't live or work at Stockhouse.