Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Passes Above Two Hundred Day Moving Average of $8.46

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Rating)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.46 and traded as high as C$9.90. Chemtrade Logistics Income Fund shares last traded at C$9.88, with a volume of 186,401 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on CHE.UN. Raymond James lowered their target price on shares of Chemtrade Logistics Income Fund from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. National Bankshares increased their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 9th. BMO Capital Markets lifted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Tuesday, January 17th. Finally, CIBC increased their price target on Chemtrade Logistics Income Fund from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 9th.

Chemtrade Logistics Income Fund Stock Up 0.3 %

The company has a debt-to-equity ratio of 166.24, a quick ratio of 0.48 and a current ratio of 0.85. The stock’s fifty day simple moving average is C$9.38 and its two-hundred day simple moving average is C$8.46. The company has a market capitalization of C$1.14 billion and a price-to-earnings ratio of -5.02.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 23rd were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.07%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is -30.49%.

About Chemtrade Logistics Income Fund

(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.

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