Superior Plus (TSE:SPB) Shares Cross Above 200-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Shares of Superior Plus Corp. (TSE:SPB – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.53 and traded as high as C$7.98. Superior Plus shares last traded at C$7.96, with a volume of 478,761 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial lowered their target price on shares of Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating for the company in a research note on Thursday, August 14th. Desjardins lowered their target price on shares of Superior Plus from C$10.50 to C$9.75 and set a “buy” rating for the company in a research note on Wednesday, August 13th. BMO Capital Markets lifted their target price on shares of Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. Finally, TD Securities lifted their target price on shares of Superior Plus from C$8.00 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$9.53.

Check Out Our Latest Stock Analysis on SPB

Superior Plus Stock Performance

The company has a market cap of C$1.77 billion, a price-to-earnings ratio of 37.90 and a beta of 0.21. The stock’s fifty day simple moving average is C$7.71 and its two-hundred day simple moving average is C$7.53. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67.

Superior Plus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, September 29th. Superior Plus’s dividend payout ratio (DPR) is 109.01%.

Superior Plus Company Profile

(Get Free Report)

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.

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