BMO Capital analyst John Gibson CFA maintained a Buy rating on Superior Plus (SPB – Research Report) yesterday and set a price target of C$9.00.
John Gibson CFA has given his Buy rating due to a combination of factors that highlight Superior Plus’s strategic positioning and growth potential. The company has set ambitious financial targets through 2027, focusing on increasing operational efficiency and capturing market share in the propane sector. Superior’s investment in technology and data analytics is expected to enhance customer retention and optimize service delivery, which could lead to margin expansion.
Certarus, a subsidiary of Superior, is well-positioned to capitalize on industrial demand and the transition to renewable natural gas infrastructure, maintaining a strong market presence in the compressed natural gas sector. Superior’s strategy includes significant share buybacks and deleveraging efforts, which are anticipated to improve per-share metrics and financial stability. With a target price increase to $9, reflecting a valuation of approximately 7x 2026 EV/EBITDA, the company is poised for potential stock appreciation if it meets its outlined objectives.
In another report released today, RBC Capital also reiterated a Buy rating on the stock with a C$11.00 price target.
SPB’s price has also changed slightly for the past six months – from C$7.440 to C$7.110, which is a -4.44% drop .