Superior Plus Corp. (TSE:SPB) Senior Officer Buys C$29,445.12 in Stock

Superior Plus Corp. (TSE:SPB) Senior Officer Natasha Anne Cherednichenko acquired 4,800 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of C$6.13 per share, with a total value of C$29,445.12.

Superior Plus Stock Performance

SPB stock opened at C$5.99 on Friday. The stock’s 50 day simple moving average is C$6.21 and its 200 day simple moving average is C$6.90. Superior Plus Corp. has a 12-month low of C$5.15 and a 12-month high of C$10.36. The firm has a market cap of C$1.01 billion, a P/E ratio of 22.02 and a beta of 0.76. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Securities lifted their price objective on Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. Cibc World Mkts raised Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. CIBC boosted their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Finally, Scotiabank reduced their price target on Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Superior Plus currently has an average rating of “Moderate Buy” and a consensus price target of C$9.95.

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.