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

Superior Plus Corp. (TSE:SPB) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.18 and traded as high as C$7.55. Superior Plus shares last traded at C$7.44, with a volume of 369,714 shares.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPB. National Bank Financial reduced their price target on Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating on the stock in a report on Monday, February 23rd. TD Securities downgraded Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Raymond James Financial downgraded Superior Plus from a “moderate buy” rating to a “hold” rating and reduced their price objective for the stock from C$9.75 to C$8.50 in a report on Monday, February 23rd. TD raised their price objective on Superior Plus from C$7.00 to C$7.50 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Finally, Canadian Imperial Bank of Commerce upgraded Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$7.82.

Superior Plus Price Performance

The firm has a fifty day simple moving average of C$6.74 and a 200 day simple moving average of C$7.17. The company has a market capitalization of C$1.60 billion, a PE ratio of 29.76 and a beta of 0.21. The company has a debt-to-equity ratio of 244.09, a quick ratio of 0.46 and a current ratio of 0.95.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.37 EPS for the quarter. The company had revenue of C($3.43) million for the quarter. Superior Plus had a return on equity of 6.95% and a net margin of 2.49%.

Superior Plus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Superior Plus’s dividend payout ratio (DPR) is 51.81%.

About Superior Plus

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.