Superior Plus (TSE:SPB) Stock Gets Downgrade from TD

Superior Plus (TSE:SPB) was downgraded by analysts at TD from a “hold” rating to a “sell” rating in a research note issued on Thursday, BayStreet reports. They currently have a C$7.50 price objective on the stock. TD‘s price objective indicates a potential upside of 29.09% from the company’s current price.

A number of other research firms have also recently commented on SPB. Royal Bank Of Canada cut shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 10th. Desjardins decreased 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 research note on Monday, October 26th. Finally, Scotia lifted their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Superior Plus has an average rating of “Hold” and a consensus price target of C$8.52.

Superior Plus Price Performance

TSE:SPB traded down C$0.16 during trading hours on Thursday, reaching C$5.81. 846,894 shares of the company were exchanged, compared to its average volume of 842,594. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48. The firm has a market cap of C$1.25 billion, a PE ratio of 581.00 and a beta of 0.31. Superior Plus has a twelve month low of C$5.78 and a twelve month high of C$8.86. The stock’s 50-day moving average is C$6.94 and its 200-day moving average is C$7.32.

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.