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

Key Points

• Superior Plus Corp. stock price rose above its 200-day moving average, reaching C$7.46, although it last traded at C$7.33.
• Several analysts have adjusted their price targets for Superior Plus, with TD Securities lowering theirs from C$8.50 to C$8.00 and maintaining a "hold" rating.
• The company declared a quarterly dividend of $0.045 per share, translating to a yield of 2.5%, scheduled for payout on October 15th.

Shares of Superior Plus Corp. (TSE:SPB - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.11 and traded as high as C$7.46. Superior Plus shares last traded at C$7.33, with a volume of 475,795 shares.

Analyst Upgrades and Downgrades

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

Superior Plus Price Performance

The company has a market cap of C$1.22 billion, a PE ratio of 26.69 and a beta of 0.76. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The stock's 50-day moving average is C$7.44 and its 200 day moving average is C$7.12.

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.5%. Superior Plus's payout ratio is presently 264.73%.

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.