Superior Plus (TSE:SPB) Sets New 1-Year Low – Should You Sell?

Superior Plus Corp. (TSE:SPB) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as C$6.01 and last traded at C$6.12, with a volume of 1,343,224 shares changing hands. The stock had previously closed at C$6.86.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SPB shares. Scotia lifted their target price on Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. TD decreased their price target on Superior Plus from C$8.00 to C$7.50 in a research note on Tuesday, October 20th. Royal Bank Of Canada cut Superior Plus from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 10th. Finally, Desjardins lowered their price target on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating on the stock in a report on Monday, October 26th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$8.52.

Superior Plus Price Performance

The business’s 50-day simple moving average is C$7.01 and its 200 day simple moving average is C$7.34. The company has a market capitalization of C$1.30 billion, a P/E ratio of 605.00 and a beta of 0.31. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.