Superior Plus (TSE:SPB) Hits New 1-Year Low – Here’s Why

Shares of Superior Plus Corp. (TSE:SPB) reached a new 52-week low on Wednesday. The stock traded as low as C$5.23 and last traded at C$5.42, with a volume of 342,736 shares. The stock had previously closed at C$5.69.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada lowered shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. TD Securities downgraded shares of Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. TD lowered shares of Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price target for the company. in a research note on Thursday, November 5th. Desjardins reduced their price target on shares of Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a research note on Monday, October 26th. Finally, Scotia increased their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the company 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’s stock. According to data from MarketBeat, Superior Plus currently has a consensus rating of “Hold” and a consensus target price of C$8.52.

Superior Plus Trading Down 4.0%

The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 546.00 and a beta of 0.31. The firm has a 50-day moving average price of C$6.87 and a 200-day moving average price of C$7.30. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48.

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.