Superior Plus (TSE:SPB) Cut to “Sell” at TD

Superior Plus (TSE:SPB) was downgraded by equities researchers at TD from a “hold” rating to a “sell” rating in a report released on Thursday, BayStreet reports. They presently have a C$7.50 target price on the stock. TD‘s price target indicates a potential upside of 27.55% from the stock’s current price.

A number of other analysts have also issued reports on the company. Desjardins decreased their price objective on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating on the stock in a research note on Monday, October 26th. Scotia increased their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada downgraded Superior Plus from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$8.52.

Superior Plus Stock Performance

SPB stock traded down C$0.17 during midday trading on Thursday, reaching C$5.88. 1,252,577 shares of the company’s stock traded hands, compared to its average volume of 840,396. The firm has a market capitalization of C$1.26 billion, a PE ratio of 588.00 and a beta of 0.31. The company has a 50-day moving average price of C$6.99 and a two-hundred day moving average price of C$7.33. Superior Plus has a 52 week low of C$5.81 and a 52 week high of C$8.86. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91.

About Superior Plus

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.