Superior Plus Corp. (TSE:SPB – Get Free Report) shares reached a new 52-week low during trading on Wednesday. The company traded as low as C$6.01 and last traded at C$6.12, with a volume of 1,343,224 shares traded. The stock had previously closed at C$6.86.
Wall Street Analysts Forecast Growth
SPB has been the subject of several research analyst reports. Royal Bank Of Canada lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Monday, August 10th. Desjardins lowered their target price on 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 boosted their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Finally, TD dropped their price target on shares of Superior Plus from C$8.00 to C$7.50 in a research report on Tuesday, October 20th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$8.52.
Read Our Latest Analysis on Superior Plus
Superior Plus Stock Down 11.8%
The company has a debt-to-equity ratio of 193.48, a current ratio of 0.91 and a quick ratio of 0.46. The stock has a market capitalization of C$1.30 billion, a P/E ratio of 605.00 and a beta of 0.31. The stock’s fifty day moving average is C$7.01 and its two-hundred day moving average is C$7.34.
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.
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