Superior Plus (TSE:SPB) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Superior Plus Corp. (TSE:SPB)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.55 and traded as high as C$6.63. Superior Plus shares last traded at C$6.58, with a volume of 541,760 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. National Bankshares upped their price target on Superior Plus from C$6.50 to C$7.50 and gave the stock a “sector perform” rating in a research note on Thursday, April 3rd. TD Securities raised their target price on shares of Superior Plus from C$9.00 to C$9.50 and gave the company a “buy” rating in a report on Thursday, April 3rd. ATB Capital boosted their price target on shares of Superior Plus from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. CIBC raised their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the company an “outperform” rating in a report on Thursday, April 3rd. Finally, BMO Capital Markets boosted their target price on shares of Superior Plus from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Superior Plus currently has an average rating of “Moderate Buy” and a consensus target price of C$9.85.

Superior Plus Stock Down 0.8 %

The firm has a market cap of C$1.11 billion, a price-to-earnings ratio of 24.19 and a beta of 0.76. The firm’s 50 day moving average price is C$6.49 and its two-hundred day moving average price is C$6.55. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46.

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.