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

TD Securities downgraded shares of Superior Plus (TSE:SPB) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks reports.

Other equities research analysts have also issued reports about the stock. Desjardins lowered their price target on shares of 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. Scotia lifted their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Royal Bank Of Canada downgraded Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Finally, TD downgraded shares of Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price objective for the company. in a research report on Thursday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Superior Plus presently has a consensus rating of “Hold” and a consensus price target of C$8.52.

Superior Plus Price Performance

TSE:SPB opened at C$5.81 on Wednesday. The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 581.00 and a beta of 0.31. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. The stock has a fifty day moving average of C$6.94 and a 200 day moving average of C$7.32. Superior Plus has a 52-week low of C$5.78 and a 52-week high of C$8.86.

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.