Insider Buying: Superior Plus Corp. (TSE:SPB) Senior Officer Acquires 4,800 Shares of Stock

Superior Plus Corp. (TSE:SPB) Senior Officer Natasha Anne Cherednichenko acquired 4,800 shares of Superior Plus stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of C$6.13 per share, with a total value of C$29,445.12.

Superior Plus Stock Up 0.5 %

Shares of TSE SPB opened at C$6.04 on Wednesday. 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 company has a market cap of C$1.02 billion, a price-to-earnings ratio of 22.21 and a beta of 0.76. Superior Plus Corp. has a 12 month low of C$5.15 and a 12 month high of C$10.36. The stock has a 50-day moving average price of C$6.24 and a two-hundred day moving average price of C$6.92.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SPB shares. Cibc World Mkts raised shares of Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. TD Securities lifted their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. CIBC boosted their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Scotiabank reduced their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets reduced their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$9.95.

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.