Superior Plus (TSE:SPB) Hits New 1-Year Low – Here’s Why

Shares of Superior Plus Corp. (TSE:SPB) hit a new 52-week low during trading on Wednesday. The company traded as low as C$5.23 and last traded at C$5.42, with a volume of 342,736 shares trading hands. The stock had previously closed at C$5.69.

Analyst Upgrades and Downgrades

SPB has been the subject of a number of research reports. Royal Bank Of Canada downgraded 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 report on Monday, August 10th. Desjardins cut their price target on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating on the stock in a report on Monday, October 26th. TD downgraded Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price target on the stock. in a report on Thursday, November 5th. Finally, TD Securities lowered Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$8.52.

Superior Plus Stock Performance

The company has a debt-to-equity ratio of 193.48, a current ratio of 0.91 and a quick ratio of 0.46. The stock has a fifty day moving average price of C$6.87 and a two-hundred day moving average price of C$7.30. The company has a market cap of C$1.17 billion, a P/E ratio of 546.00 and a beta of 0.31.

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.