Superior Plus Corp. (TSE:SPB) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.19 and traded as high as $11.50. Superior Plus shares last traded at $11.43, with a volume of 138,753 shares traded.
A number of brokerages have recently issued reports on SPB. CIBC boosted their price target on shares of Superior Plus from C$14.50 to C$16.00 in a research report on Thursday, July 11th. Royal Bank of Canada downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating and set a C$14.00 target price on the stock. in a research report on Friday, July 12th. Desjardins boosted their price target on shares of Superior Plus from C$14.00 to C$14.50 in a research note on Friday, May 10th. BMO Capital Markets decreased their price target on shares of Superior Plus from C$14.00 to C$13.50 in a research note on Thursday, August 15th. Finally, National Bank Financial decreased their price target on shares of Superior Plus from C$14.50 to C$14.00 and set an “outperform” rating for the company in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$14.75.
The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 172.16. The business’s 50-day simple moving average is C$12.80 and its 200 day simple moving average is C$12.20. The firm has a market capitalization of $2.00 billion and a P/E ratio of 49.73.
About Superior Plus (TSE:SPB)
Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.
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