Superior Plus (TSE:SPB) Rating Lowered to Strong Sell at TD Securities

Superior Plus (TSE:SPB) was downgraded by research analysts at TD Securities from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

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

Superior Plus Price Performance

Shares of TSE SPB opened at C$5.97 on Wednesday. The stock has a fifty day simple moving average of C$6.96 and a two-hundred day simple moving average of C$7.32. Superior Plus has a 1-year low of C$5.81 and a 1-year high of C$8.86. The firm has a market cap of C$1.28 billion, a price-to-earnings 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.