Superior Plus (TSE:SPB) Downgraded by TD Securities to Strong Sell

Superior Plus (TSE:SPB) was downgraded by investment analysts at TD Securities from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Other equities analysts have also issued reports about the stock. Desjardins dropped their price target on shares of Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a research report on Monday, October 26th. Scotia raised their price objective on shares of 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. Royal Bank Of Canada downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Finally, TD cut shares of Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 target price on the stock. in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to 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 opened at C$5.97 on Wednesday. Superior Plus has a 12 month low of C$5.81 and a 12 month high of C$8.86. The stock has a market cap of C$1.28 billion, a price-to-earnings ratio of 597.00 and a beta of 0.31. The company’s 50 day moving average is C$6.96 and its two-hundred day moving average is C$7.32. 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.