Could Superior Plus Corp. Crash Even More? The Stock Had Another Big Decline Today

 Could Superior Plus Corp. Crash Even More? The Stock Had Another Big Decline Today

The stock of Superior Plus Corp. (TSE:SPB) is a huge mover today! About 73,620 shares traded hands. Superior Plus Corp. (TSE:SPB) has risen 25.60% since April 1, 2016 and is uptrending. It has outperformed by 23.64% the S&P500.
The move comes after 9 months negative chart setup for the $1.71 billion company. It was reported on Nov, 8 by Barchart.com. We have $10.90 PT which if reached, will make TSE:SPB worth $119.70 million less.

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 7.59% above today’s ($11.72) stock price. Superior Plus Corp. has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Wednesday, July 6, the company rating was reinitiated by IBC. Raymond James upgraded the stock to “Outperform” rating in Friday, July 24 report. The stock of Superior Plus Corp. (TSE:SPB) has “Action List Buy” rating given on Friday, July 24 by TD Securities. Scotia Capital maintained it with “Sector Perform” rating and $12.50 target price in Thursday, September 1 report. The stock of Superior Plus Corp. (TSE:SPB) has “Action List Buy” rating given on Friday, August 12 by TD Securities. The firm earned “Sector Perform” rating on Friday, July 24 by Scotia Capital. The firm has “Outperform” rating given on Friday, October 28 by RBC Capital Markets. RBC Capital Markets initiated Superior Plus Corp. (TSE:SPB) rating on Thursday, August 20. RBC Capital Markets has “Outperform” rating and $14 price target. 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.

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 Marketwired.com with their article: “Superior Plus Corp. Announces 2016 Second Quarter Results” published on August 09, 2016, Marketwired.com published: “Superior Plus Corp. Announces 2016 First Quarter Results” on April 28, 2016. More interesting news about Superior Plus Corp. (TSE:SPB) were released by: Reuters.com and their article: “BRIEF-Superior Plus Corp announces 2016 third quarter results” published on October 27, 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 $1.71 billion. The Firm operates through three divisions: Energy Services, Specialty Chemicals and Construction Products Distribution. It has a 10.14 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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