Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Pass Above 200-Day Moving Average of $8.60

Chemtrade Logistics Income Fund (TSE:CHE.UN) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.60 and traded as high as C$9.25. Chemtrade Logistics Income Fund shares last traded at C$9.18, with a volume of 248,234 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. National Bankshares lifted their price target on Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a research note on Friday, May 17th. Desjardins lifted their price target on Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, CIBC decreased their price target on Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a research note on Thursday, February 22nd.

Chemtrade Logistics Income Fund Stock Performance

The company has a debt-to-equity ratio of 128.22, a quick ratio of 0.48 and a current ratio of 0.42. The company has a market cap of C$1.08 billion, a price-to-earnings ratio of 6.33 and a beta of 1.48. The company has a fifty day moving average of C$8.65 and a two-hundred day moving average of C$8.60.

Chemtrade Logistics Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a dividend of $0.055 per share. This is an increase from Chemtrade Logistics Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.66 annualized dividend and a dividend yield of 7.19%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is 45.52%.

Insider Activity at Chemtrade Logistics Income Fund

In related news, Senior Officer Timothy Neil Montgomery bought 5,942 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of C$5.93 per share, with a total value of C$35,236.06. 0.19% of the stock is currently owned by company insiders.

About Chemtrade Logistics Income Fund

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.