Superior Plus (OTCMKTS:SUUIF) Stock Price Up 2.1% – Still a Buy?

Superior Plus Corp. (OTCMKTS:SUUIF) rose 2.1% on Monday . The stock traded as high as $4.8820 and last traded at $4.8820. Approximately 82,228 shares were traded during trading, an increase of 127% from the average daily volume of 36,166 shares. The stock had previously closed at $4.78.

Analysts Set New Price Targets

A number of brokerages have issued reports on SUUIF. BMO Capital Markets lowered Superior Plus from an “outperform” rating to a “market perform” rating in a research note on Friday, February 20th. Desjardins lowered shares of Superior Plus to a “hold” rating in a report on Monday, February 23rd. TD Securities cut shares of Superior Plus from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. Raymond James Financial downgraded shares of Superior Plus from an “outperform” rating to a “market perform” rating in a report on Monday, February 23rd. Finally, Scotiabank lowered shares of Superior Plus to a “sector perform” rating in a research report on Monday, February 23rd. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Superior Plus currently has a consensus rating of “Hold”.

Superior Plus Stock Performance

The stock has a 50-day simple moving average of $5.18 and a 200-day simple moving average of $5.32.

About Superior Plus

Superior Plus Partnership (OTCMKTS: SUUIF) is a Canada-based energy and chemical distribution company with operations spanning both North America and select international markets. Through its Energy Distribution segment, the company delivers propane and distillate fuels to residential, commercial, agricultural and industrial customers. Its fleet of bulk transport vehicles and network of retail locations provides reliable home heating, on-farm energy and commercial fuel solutions across Canada and the United States.

The Specialty Chemicals segment of Superior Plus produces and distributes a range of chlorine-based products, including sodium chlorate, chlor-alkali chemicals and chlorine dioxide.