Superior Plus (TSE:SPB) Stock Passes Above 200 Day Moving Average – What’s Next?

Superior Plus Corp. (TSE:SPB)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.40 and traded as high as C$8.21. Superior Plus shares last traded at C$8.15, with a volume of 717,447 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “hold” rating to an “outperformer” rating in a research note on Tuesday, April 21st. ATB Cormark Capital Markets increased their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Scotiabank raised their price target on shares of Superior Plus from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Stifel Nicolaus upped their price objective on shares of Superior Plus from C$9.00 to C$10.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, TD increased their target price on shares of Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$8.48.

Superior Plus Trading Up 0.2%

The company has a debt-to-equity ratio of 193.28, a current ratio of 1.22 and a quick ratio of 0.46. The stock’s 50 day moving average is C$8.06 and its 200-day moving average is C$7.40. The company has a market capitalization of C$1.75 billion, a P/E ratio of 38.90 and a beta of 0.35.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a return on equity of 5.20% and a net margin of 2.01%.The business had revenue of C$1.25 billion for the quarter.

Insider Buying and Selling at Superior Plus

In other news, insider Dale Alan Winger purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of C$8.38 per share, for a total transaction of C$25,140.00. Following the completion of the transaction, the insider directly owned 48,000 shares of the company’s stock, valued at C$402,240. This trade represents a 6.67% increase in their position. Insiders purchased 15,000 shares of company stock worth $118,360 in the last 90 days. Insiders own 0.54% of the company’s stock.

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.