Superior Plus (TSE:SPB) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Superior Plus Corp. (TSE:SPB) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.41 and traded as high as C$7.80. Superior Plus shares last traded at C$7.76, with a volume of 1,246,709 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on SPB. Desjardins lifted their price target on shares of Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a research note on Wednesday, February 4th. National Bank Financial upped their target price on Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Scotiabank lowered their price target on Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Finally, Canadian Imperial Bank of Commerce upgraded Superior Plus from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$8.50 to C$9.00 in a research note on Wednesday, December 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Superior Plus presently has an average rating of “Moderate Buy” and an average target price of C$9.28.

Superior Plus Stock Performance

The stock has a market cap of C$1.73 billion, a P/E ratio of 110.86 and a beta of 0.49. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The stock has a 50 day simple moving average of C$7.23 and a 200 day simple moving average of C$7.41.

Superior Plus (TSE:SPB) last issued its quarterly earnings results on Thursday, November 13th. The company reported C($0.41) earnings per share for the quarter. The firm had revenue of C$470.64 million for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.