Superior Plus (TSE:SPB) Trading 10.5% Higher - Here's Why

Superior Plus Corp. (TSE:SPB - Get Free Report)'s stock price traded up 10.5% during trading on Thursday . The company traded as high as C$6.62 and last traded at C$6.55. 919,477 shares were traded during mid-day trading, an increase of 16% from the average session volume of 795,797 shares. The stock had previously closed at C$5.93.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Scotiabank reduced their price objective on Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. TD Securities increased their price target on Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. CIBC boosted their price objective on Superior Plus from C$8.50 to C$9.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Cibc World Mkts upgraded shares of Superior Plus to a "strong-buy" rating in a research report on Friday, November 8th. Finally, Raymond James raised shares of Superior Plus from a "hold" rating to a "moderate buy" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$9.95.

Superior Plus Stock Down 0.9 %

The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The firm has a market cap of C$1.14 billion, a P/E ratio of 24.93 and a beta of 0.76. The stock's fifty day moving average is C$6.22 and its two-hundred day moving average is C$6.81.

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Insider Transactions at Superior Plus

In other Superior Plus news, Senior Officer Natasha Anne Cherednichenko purchased 4,800 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of C$6.13 per share, for a total transaction of C$29,445.12. Insiders own 0.54% of the company's stock.

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.