A statement released earlier today by Stifel Nicolaus about Suburban Propane Partners LP (NYSE:SPH) ups the target price to $36.00
- Updated: October 13, 2016
Indicating a possible upside of 0.13%, Stifel Nicolaus bumped up the target of Suburban Propane Partners LP (NYSE:SPH) to $36.00
Yesterday Suburban Propane Partners LP (NYSE:SPH) traded 0.76% higher at $31.94. The company’s 50-day moving average is $33.02 and its 200-day moving average is $32.66. The last stock close price is down -2.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 108,445 shares of the stock were exchanged, down from an average trading volume of 158,772
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Suburban Propane Partners LP has a 52 week low of $20.93 and a 52 week high of $37.10 with a P/E ratio of 277.74 The company’s market cap is currently $0.
In addition to Stifel Nicolaus reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $33.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Suburban Propane Partners LP (NYSE:SPH)
Suburban Propane Partners, L.P. (the Partnership) is a marketer and distributor of a range of products meeting the energy needs of the customers. The Company is specialized in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company conducts its business through Suburban Propane, L.P., which operates its propane business and assets (the Operating Partnership), and its direct and indirect subsidiaries. Its general partner, and the general partner of its Operating Partnership, is Suburban Energy Services Group LLC (the General Partner). Subsidiaries of the Operating Partnership include Suburban Sales and Service, Inc. (the Service Company), which conducts a portion of the Partnership's service work and appliance and parts businesses. It operates in three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity.
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