Superior Plus (TSE:SPB) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Superior Plus Corp. (TSE:SPB - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.72 and traded as high as C$8.32. Superior Plus shares last traded at C$8.28, with a volume of 1,405,287 shares.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. CIBC raised their target price on Superior Plus from C$9.00 to C$9.50 and gave the company an "outperform" rating in a report on Thursday, April 3rd. ATB Capital raised their price objective on shares of Superior Plus from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. BMO Capital Markets boosted their target price on shares of Superior Plus from C$9.00 to C$10.00 in a research report on Thursday, May 22nd. National Bankshares increased 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 report on Thursday, April 3rd. Finally, Scotiabank raised shares of Superior Plus from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$7.50 to C$9.50 in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$10.05.

Superior Plus Stock Down 1.9%

The company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 29.86 and a beta of 0.76. The business has a fifty day simple moving average of C$7.34 and a two-hundred day simple moving average of C$6.72. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35.

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.