Superior Plus (TSE:SPB) Shares Pass Above 200 Day Moving Average – What’s Next?

Superior Plus Corp. (TSE:SPB) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.64 and traded as high as C$7.98. Superior Plus shares last traded at C$7.87, with a volume of 672,704 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPB. ATB Capital raised their price target 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. Raymond James cut their target price on shares of Superior Plus from C$11.50 to C$10.50 and set an “outperform” rating on the stock in a research report on Thursday, May 22nd. CIBC boosted 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 research note on Thursday, April 3rd. National Bankshares upped their price target on shares of 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. Finally, Scotiabank raised Superior Plus from a “sector perform” rating to an “outperform” rating and raised their price objective 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, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$10.05.

Superior Plus Price Performance

The firm has a market cap of C$1.33 billion, a P/E ratio of 28.94 and a beta of 0.76. The company has a fifty day moving average of C$7.15 and a 200-day moving average of C$6.64. 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.