Superior Plus (TSE:SPB) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Superior Plus Corp. (TSE:SPB - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.26 and traded as high as C$7.79. Superior Plus shares last traded at C$7.73, with a volume of 461,328 shares changing hands.

Analysts Set New Price Targets

SPB has been the subject of several analyst reports. BMO Capital Markets cut their price target on shares of Superior Plus from C$10.00 to C$8.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. TD Securities dropped their price objective on shares of Superior Plus from C$8.50 to C$8.00 and set a "hold" rating for the company in a report on Wednesday, August 13th. Desjardins dropped their price objective on shares of Superior Plus from C$10.50 to C$9.75 and set a "buy" rating for the company in a report on Wednesday, August 13th. Finally, Raymond James Financial dropped their price objective on shares of Superior Plus from C$10.50 to C$10.00 and set an "outperform" rating for the company in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Superior Plus currently has an average rating of "Moderate Buy" and a consensus target price of C$9.16.

Superior Plus Price Performance

The business's 50-day simple moving average is C$7.27 and its 200-day simple moving average is C$7.26. The stock has a market cap of C$1.74 billion, a PE ratio of 36.81 and a beta of 0.23. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.3%. Superior Plus's dividend payout ratio is currently 109.01%.

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.

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