Superior Plus (TSE:SPB) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Superior Plus Corp. (TSE:SPB) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.41 and traded as high as C$7.80. Superior Plus shares last traded at C$7.76, with a volume of 1,246,709 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Scotiabank dropped their price objective on Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$8.50 to C$9.00 in a report on Wednesday, December 17th. TD Securities raised shares of Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Desjardins increased their price objective on shares of Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, National Bank Financial lifted their target price on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$9.28.

Superior Plus Price Performance

The company has a market capitalization of C$1.75 billion, a P/E ratio of 112.14 and a beta of 0.49. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The firm’s 50-day moving average is C$7.24 and its 200-day moving average is C$7.42.

Superior Plus Company Profile

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.