Superior Plus Corp. (TSE:SPB – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday after TD Securities downgraded the stock from a hold rating to a strong sell rating. The company traded as low as C$6.01 and last traded at C$6.12, with a volume of 1,343,224 shares changing hands. The stock had previously closed at C$6.86.
Other research analysts have also issued research reports about the company. Royal Bank Of Canada lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Monday, August 10th. Scotia upped their price target 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. TD lowered Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price target for the company. in a research report on Thursday. Finally, Desjardins lowered their price target on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a research report on Monday, October 26th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$8.52.
View Our Latest Stock Report on Superior Plus
Superior Plus Trading Down 2.7%
The firm has a 50 day simple moving average of C$6.96 and a 200 day simple moving average of C$7.32. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. The firm has a market cap of C$1.25 billion, a P/E ratio of 581.00 and a beta of 0.31.
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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