The stock of Superior Plus Corp. (TSE:SPB) hit a new 52-week high and has $14.57 target or 20.00% above today’s $12.14 share price. The 8 months bullish chart indicates low risk for the $1.80 billion company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $14.57 price target is reached, the company will be worth $360.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 284,676 shares traded hands. Superior Plus Corp. (TSE:SPB) has risen 28.34% since March 24, 2016 and is uptrending. It has outperformed by 24.86% the S&P500.
Superior Plus Corp. (TSE:SPB) Ratings Coverage
Out of 7 analysts covering Superior Plus Corp. (TSE:SPB), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $16.50 is the highest target while $11 is the lowest. The $12.61 average target is 3.87% above today’s ($12.14) stock price. Superior Plus Corp. has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Raymond James upgraded Superior Plus Corp. (TSE:SPB) on Friday, July 24 to “Outperform” rating. As per Friday, October 28, the company rating was maintained by RBC Capital Markets. The company was maintained on Friday, July 24 by TD Securities. The firm earned “Sector Perform” rating on Friday, July 24 by Scotia Capital. As per Friday, August 12, the company rating was maintained by TD Securities. The stock of Superior Plus Corp. (TSE:SPB) earned “Sector Perform” rating by Scotia Capital on Thursday, September 1. The stock of Superior Plus Corp. (TSE:SPB) has “Sector Perform” rating given on Wednesday, September 21 by Scotia Capital. Cormark Securities upgraded Superior Plus Corp. (TSE:SPB) on Monday, May 2 to “Buy” rating. RBC Capital Markets initiated the stock with “Outperform” rating in Thursday, August 20 report. IBC reinitiated the stock with “Sector Perform” rating in Wednesday, July 6 report.
More notable recent Superior Plus Corp. (TSE:SPB) news were published by: Marketwatch.com which released: “Superior Plus Corp. Announces 2015 Annual and Fourth Quarter Results” on February 18, 2016, also Reuters.com with their article: “BRIEF-Superior Plus Corp announces 2016 third quarter results” published on October 27, 2016, Marketwired.com published: “Superior Plus Corp. Announces 2016 Second Quarter Results” on August 09, 2016. More interesting news about Superior Plus Corp. (TSE:SPB) were released by: Marketwired.com and their article: “Superior Plus Corp. Announces 2016 First Quarter Results” published on April 28, 2016 as well as Fool.ca‘s news article titled: “3 Reasons to Own Superior Plus Corp. Now” with publication date: August 03, 2016.
Superior Plus Corp. is a Canada diversified business company. The company has a market cap of $1.80 billion. The Firm operates through three divisions: Energy Services, Specialty Chemicals and Construction Products Distribution. It has a 10.5 P/E ratio. Superior’s Energy Services segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and U.S. refined fuels division.
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