Superior Plus (TSE:SPB) Trading Up 2.7% – Should You Buy?

Superior Plus Corp. (TSE:SPB) rose 2.7% during trading on Friday . The company traded as high as C$6.95 and last traded at C$6.93. Approximately 1,049,820 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 918,750 shares. The stock had previously closed at C$6.75.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SPB shares. ATB Capital raised 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. National Bankshares lifted their price objective on shares of Superior Plus from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a research note on Thursday, April 3rd. TD Securities boosted their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the company a “buy” rating in a report on Thursday, April 3rd. CIBC increased their target price on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Finally, Scotiabank raised shares of Superior Plus from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$7.50 to C$9.50 in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.85.

Superior Plus Price Performance

The stock has a market cap of C$1.17 billion, a price-to-earnings ratio of 25.44 and a beta of 0.76. The company has a 50 day simple moving average of C$6.56 and a 200-day simple moving average of C$6.52. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35.

About Superior Plus

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.