Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.33 and traded as high as C$11.11. Chemtrade Logistics Income Fund shares last traded at C$11.07, with a volume of 141,898 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CHE.UN shares. CIBC upped their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. National Bankshares raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Scotiabank boosted their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. BMO Capital Markets raised their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Finally, Desjardins raised their price objective on Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the company a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$12.71.

Read Our Latest Report on CHE.UN

Chemtrade Logistics Income Fund Price Performance

The stock has a 50-day moving average of C$10.10 and a 200 day moving average of C$9.35. The company has a market capitalization of C$1.30 billion, a PE ratio of 10.14 and a beta of 1.50. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of ∞. The ex-dividend date was Wednesday, July 31st. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 60.00%.

Chemtrade Logistics Income Fund Company Profile

(Get Free Report)

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.

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