Superior Plus (TSE:SPB) Stock Price Up 2.7% - What's Next?

Superior Plus Corp. (TSE:SPB - Get Free Report) shares shot up 2.7% on Friday . The company traded as high as C$6.95 and last traded at C$6.93. 1,049,820 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 918,750 shares. The stock had previously closed at C$6.75.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Raymond James upgraded Superior Plus from a "hold" rating to a "moderate buy" rating in a research report on Friday, February 28th. ATB Capital boosted their price target on shares of Superior Plus from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. CIBC raised their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. BMO Capital Markets increased their price target on shares of Superior Plus from C$8.00 to C$9.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Finally, TD Securities lifted their price target on shares of Superior Plus from C$9.00 to C$9.50 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Two research 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's stock. According to data from MarketBeat, Superior Plus has an average rating of "Moderate Buy" and a consensus price target of C$9.85.

Superior Plus Stock Down 0.4 %

The firm has a market cap of C$1.15 billion, a PE ratio of 25.19 and a beta of 0.76. 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 business has a 50-day moving average price of C$6.59 and a two-hundred day moving average price of C$6.52.

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.