Superior Plus (TSE:SPB) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Superior Plus Corp. (TSE:SPB) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.53 and traded as high as C$8.03. Superior Plus shares last traded at C$7.98, with a volume of 522,187 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SPB shares. 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 research note on Thursday, April 3rd. ATB Capital increased their target price on shares of Superior Plus from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Scotiabank raised shares of Superior Plus from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$7.50 to C$9.50 in a research note on Monday, April 7th. BMO Capital Markets increased their target price on shares of Superior Plus from C$9.00 to C$10.00 in a research note on Thursday, May 22nd. Finally, CIBC increased their target price 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. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$10.05.

Superior Plus Stock Up 0.3%

The firm has a market capitalization of C$1.34 billion, a P/E ratio of 29.34 and a beta of 0.76. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The business’s fifty day moving average price is C$6.91 and its two-hundred day moving average price is C$6.53.

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.