Superior Plus (TSE:SPB) Share Price Crosses Above 200 Day Moving Average - What's Next?

Superior Plus Corp. (TSE:SPB - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.48 and traded as high as C$7.73. Superior Plus shares last traded at C$7.59, with a volume of 1,024,511 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SPB shares. CIBC raised their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Raymond James upgraded shares of Superior Plus from a "hold" rating to a "moderate buy" rating in a report on Friday, February 28th. BMO Capital Markets lifted their target price on shares of Superior Plus from C$8.00 to C$9.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. TD Securities upped their target price on shares of Superior Plus from C$9.00 to C$9.50 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, National Bankshares boosted their price target on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a "sector perform" rating in a research report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$9.85.

Superior Plus Trading Down 0.9%

The company's fifty day simple moving average is C$6.81 and its two-hundred day simple moving average is C$6.50. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 28.31 and a beta of 0.76.

About Superior Plus

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.