Superior Plus (TSE:SPB) Shares Pass Above 200 Day Moving Average – What’s Next?

Superior Plus Corp. (TSE:SPB)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.29 and traded as high as C$7.99. Superior Plus shares last traded at C$7.82, with a volume of 330,258 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. National Bank Financial raised their price objective on Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a report on Monday, June 1st. TD upped their target price on Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Scotiabank increased their target price on Superior Plus from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Desjardins lifted their price target on Superior Plus from C$7.00 to C$7.75 and gave the company a “hold” rating in a research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce upgraded Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$8.48.

Superior Plus Stock Down 0.4%

The stock’s 50-day moving average price is C$7.85 and its 200-day moving average price is C$7.29. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 193.28. The stock has a market cap of C$1.68 billion, a price-to-earnings ratio of 37.24 and a beta of 0.30.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a net margin of 2.01% and a return on equity of 5.20%. The company had revenue of C$1.25 billion during the quarter.

Insider Buying and Selling

In other Superior Plus news, insider Dale Alan Winger purchased 3,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of C$8.38 per share, for a total transaction of C$25,140.00. Following the acquisition, the insider owned 48,000 shares in the company, valued at approximately C$402,240. The trade was a 6.67% increase in their position. Insiders have acquired a total of 15,000 shares of company stock worth $118,360 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Superior Plus Company Profile

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.