Superior Plus (TSE:SPB) Cut to Sell at TD

Superior Plus (TSE:SPB) was downgraded by equities researchers at TD from a “hold” rating to a “sell” rating in a research note issued on Thursday, BayStreet reports. They currently have a C$7.50 target price on the stock. TD‘s target price would suggest a potential upside of 27.55% from the stock’s current price.

SPB has been the subject of a number of other research reports. Scotia lifted their price target on Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Desjardins decreased their price objective on shares of Superior Plus from C$8.75 to C$8.25 and set a “hold” rating on the stock in a research report on Monday, October 26th. Finally, Royal Bank Of Canada downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$8.52.

Superior Plus Price Performance

TSE SPB traded down C$0.17 during trading on Thursday, reaching C$5.88. The company’s stock had a trading volume of 1,252,577 shares, compared to its average volume of 840,396. The stock has a market capitalization of C$1.26 billion, a PE ratio of 588.00 and a beta of 0.31. The company has a debt-to-equity ratio of 193.48, a current ratio of 0.91 and a quick ratio of 0.46. The firm has a fifty day moving average of C$6.99 and a 200 day moving average of C$7.33. Superior Plus has a one year low of C$5.81 and a one year high of C$8.86.

About Superior Plus

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.