News coverage about Superior Plus (TSE:SPB) has trended negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Superior Plus earned a media sentiment score of -2.46 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
A number of research firms have issued reports on SPB. Raymond James cut their price target on Superior Plus from C$15.00 to C$14.50 in a research note on Wednesday, October 24th. CIBC cut their price target on Superior Plus from C$15.00 to C$14.50 in a research note on Friday, November 9th. Finally, Canaccord Genuity boosted their price target on Superior Plus from C$13.50 to C$13.75 in a research note on Wednesday, August 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$14.73.
Shares of TSE:SPB opened at C$10.52 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.97 and a debt-to-equity ratio of 154.23. Superior Plus has a 12-month low of C$10.33 and a 12-month high of C$13.56.
In related news, insider John Engelen acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was bought at an average cost of C$10.55 per share, for a total transaction of C$31,650.00. Over the last quarter, insiders have purchased 5,500 shares of company stock valued at $58,875.
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Superior Plus Company Profile
Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.
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