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

Superior Plus Corp. (TSE:SPB) Senior Officer Natasha Anne Cherednichenko purchased 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of C$6.13 per share, for a total transaction of C$29,445.12.

Superior Plus Stock Up 0.5 %

Shares of SPB traded up C$0.03 during mid-day trading on Tuesday, hitting C$6.04. The company’s stock had a trading volume of 709,450 shares, compared to its average volume of 791,401. The company’s 50-day moving average is C$6.25 and its 200-day moving average is C$6.93. Superior Plus Corp. has a 52-week low of C$5.15 and a 52-week high of C$10.36. The firm has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 22.21 and a beta of 0.76. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SPB shares. Cibc World Mkts upgraded shares of Superior Plus to a “strong-buy” rating in a report on Friday, November 8th. BMO Capital Markets cut their price target on shares of Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. CIBC upped their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. TD Securities upped their target price on shares of Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. Finally, Scotiabank dropped their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research note on Monday, November 11th. Three research 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 company’s stock. Based on data from MarketBeat, the company 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.