Royal Bank of Canada and Raymond James lowered Superior Plus' price targets amid declining revenue and a high PE ratio, with the stock closing at C$6.39.

Superior Plus (TSE:SPB) saw its price target lowered by Royal Bank of Canada to C$10.00 and by Raymond James to C$8.50, with both firms adjusting ratings to "market perform" or "outperform." The company reported C$0.33 EPS and a net margin of 1.80% for the quarter, though revenue declined to C$3.43 million. It serves about 770,000 customers across North America, distributing propane, renewable natural gas, and hydrogen. The stock has a market cap of C$1.42 billion, a high PE ratio of 91.29, and a debt-to-equity ratio of 193.35. Trading volume was above average on Monday, but the stock closed at C$6.39. The consensus rating remains "hold" with an average target of C$7.80.