Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Pass Above 200-Day Moving Average of $7.85

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.85 and traded as high as C$8.44. Chemtrade Logistics Income Fund shares last traded at C$8.44, with a volume of 254,935 shares trading hands.

Analyst Ratings Changes

CHE.UN has been the topic of several research reports. National Bankshares boosted their price objective on shares of Chemtrade Logistics Income Fund from C$8.75 to C$9.25 and gave the stock an “outperform” rating in a research note on Thursday, May 12th. CIBC upgraded Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$9.50 to C$10.25 in a research note on Monday, June 27th. Scotiabank lifted their price objective on Chemtrade Logistics Income Fund from C$8.50 to C$9.50 in a research note on Thursday, May 12th. BMO Capital Markets raised their price target on Chemtrade Logistics Income Fund from C$7.50 to C$8.00 in a report on Thursday, May 12th. Finally, Raymond James set a C$12.00 price target on shares of Chemtrade Logistics Income Fund and gave the stock an “outperform” rating in a research note on Thursday, May 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund has an average rating of “Moderate Buy” and an average price target of C$9.75.

Chemtrade Logistics Income Fund Price Performance

The firm has a 50-day moving average of C$8.11 and a 200 day moving average of C$7.85. The company has a market capitalization of C$883.09 million and a PE ratio of -4.29. The company has a debt-to-equity ratio of 298.00, a current ratio of 0.93 and a quick ratio of 0.48.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 27th. Stockholders of record on Monday, June 27th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.11%. Chemtrade Logistics Income Fund’s dividend payout ratio is presently -30.49%.

Chemtrade Logistics Income Fund Company Profile

(Get Rating)

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.

Further Reading

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