The stock of Superior Plus Corp. (TSE:SPB) hit a new 52-week high and has $12.67 target or 3.00% above today’s $12.30 share price. The 8 months bullish chart indicates low risk for the $1.78 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $12.67 price target is reached, the company will be worth $53.40 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 506,448 shares traded hands or 43.15% up from the average. Superior Plus Corp. (TSE:SPB) has risen 12.25% since April 27, 2016 and is uptrending. It has outperformed by 6.33% 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 2.52% above today’s ($12.3) stock price. Superior Plus Corp. has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Superior Plus Corp. (TSE:SPB) earned “Sector Perform” rating by Scotia Capital on Thursday, September 1. Cormark Securities upgraded Superior Plus Corp. (TSE:SPB) on Monday, May 2 to “Buy” rating. The stock has “Sector Perform” rating given by Scotia Capital on Friday, July 24. The stock of Superior Plus Corp. (TSE:SPB) has “Outperform” rating given on Friday, July 24 by Raymond James. TD Securities maintained the shares of SPB in a report on Friday, July 24 with “Action List Buy” rating. The stock of Superior Plus Corp. (TSE:SPB) has “Sector Perform” rating given on Wednesday, September 21 by Scotia Capital. The company was maintained on Friday, August 12 by TD Securities. The stock of Superior Plus Corp. (TSE:SPB) earned “Outperform” rating by RBC Capital Markets on Thursday, August 20. The rating was reinitiated by IBC with “Sector Perform” on Wednesday, July 6. The stock has “Outperform” rating given by RBC Capital Markets on Friday, October 28.
More notable recent Superior Plus Corp. (TSE:SPB) news were published by: Reuters.com which released: “BRIEF-Superior Plus Corp announces 2016 third quarter results” on October 27, 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: Marketwatch.com and their article: “Superior Plus Corp. Announces 2015 Annual and Fourth Quarter Results” published on February 18, 2016 as well as Fool.ca‘s news article titled: “Superior Plus Corp. Pays a 7.2% Dividend, Even With Low Oil Prices” with publication date: January 27, 2016.
Superior Plus Corp. is a Canada diversified business company. The company has a market cap of $1.78 billion. The Firm operates through three divisions: Energy Services, Specialty Chemicals and Construction Products Distribution. It has a 10.64 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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