Superior Plus (TSE:SPB) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Superior Plus Corp. (TSE:SPB) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.77 and traded as high as C$8.08. Superior Plus shares last traded at C$8.06, with a volume of 624,746 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. National Bankshares boosted their target price on Superior Plus from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a report on Thursday, April 3rd. ATB Capital boosted their target price on Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. CIBC boosted their target price on Superior Plus from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Scotiabank upgraded Superior Plus from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$7.50 to C$9.50 in a report on Monday, April 7th. Finally, Desjardins boosted their target price on Superior Plus from C$9.25 to C$10.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$10.05.

Superior Plus Trading Down 0.2%

The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 29.64 and a beta of 0.76. The business has a fifty day moving average price of C$7.52 and a 200 day moving average price of C$6.77. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.