Superior Plus (TSE:SPB) Shares Up 10.5% – Still a Buy?

Superior Plus Corp. (TSE:SPB) shares traded up 10.5% during trading on Thursday . The company traded as high as C$6.62 and last traded at C$6.55. 919,477 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 795,797 shares. The stock had previously closed at C$5.93.

Analysts Set New Price Targets

A number of analysts have issued reports on SPB shares. Cibc World Mkts upgraded shares of Superior Plus to a “strong-buy” rating in a report on Friday, November 8th. TD Securities upped their target price on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Scotiabank dropped their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. Finally, CIBC upped their price objective 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$9.95.

Superior Plus Stock Performance

The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The firm’s 50-day moving average is C$6.19 and its two-hundred day moving average is C$6.85. The stock has a market cap of C$1.12 billion, a P/E ratio of 24.45 and a beta of 0.76.

Insider Transactions at Superior Plus

In other Superior Plus news, Senior Officer Natasha Anne Cherednichenko purchased 4,800 shares of Superior Plus stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of C$6.13 per share, for a total transaction of C$29,445.12. 0.54% of the stock is owned by company insiders.

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.