Superior Plus (TSE:SPB) Downgraded by TD Securities to “Strong Sell”

TD Securities lowered shares of Superior Plus (TSE:SPB) from a hold rating to a strong sell rating in a research report report published on Wednesday,Zacks reports.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada downgraded Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Desjardins cut their price objective on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating on the stock in a research note on Monday, October 26th. Scotia upped their target price on Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Finally, TD cut Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 target price on the stock. in a report on Thursday. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$8.52.

Superior Plus Stock Down 1.3%

Shares of SPB opened at C$5.97 on Wednesday. The stock’s 50-day moving average price is C$6.96 and its two-hundred day moving average price is C$7.32. Superior Plus has a 12 month low of C$5.81 and a 12 month high of C$8.86. The company has a market capitalization of C$1.28 billion, a PE ratio of 597.00 and a beta of 0.31. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.