Superior Plus (TSE:SPB) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Superior Plus Corp. (TSE:SPB)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.49 and traded as high as C$6.88. Superior Plus shares last traded at C$6.78, with a volume of 543,899 shares traded.

Wall Street Analysts Forecast Growth

SPB has been the subject of a number of analyst reports. Scotiabank raised Superior Plus from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$7.50 to C$9.50 in a research report on Monday, April 7th. TD Securities increased their target price 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. ATB Capital boosted their price target on shares of 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 increased their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Finally, Raymond James raised shares of Superior Plus from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$9.85.

Superior Plus Stock Performance

The company has a 50 day simple moving average of C$6.66 and a 200-day simple moving average of C$6.49. The stock has a market capitalization of C$1.14 billion, a P/E ratio of 24.93 and a beta of 0.76. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46.

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.