Chemtrade Logistics Income Fund (TSE:CHE.UN) Reaches New 52-Week High - Here's Why

Key Points

• Chemtrade Logistics Income Fund shares hit a new 52-week high, trading as high as C$17.53 and last at C$17.37 on volume of 66,405 shares.
• Analysts maintain a consensus Moderate Buy with an average price target of C$18.21, following recent notes that included BMO trimming its target to C$18.50 and National Bank raising theirs to C$18.00.
• The stock trades above its 50‑ and 200‑day moving averages (C$15.80 and C$14.77), has a market cap of C$2.0B and a P/E of 14.61, but shows high leverage (debt‑to‑equity 128.02) and low liquidity (current ratio 0.40).

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$17.53 and last traded at C$17.37, with a volume of 66405 shares traded. The stock had previously closed at C$16.78.

Analyst Ratings Changes

A number of research firms have weighed in on CHE.UN. BMO Capital Markets reduced their price objective on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an "outperform" rating for the company in a research note on Friday, January 9th. National Bank Financial raised their price objective on shares of Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the company an "outperform" rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$18.21.

Chemtrade Logistics Income Fund Price Performance

The business's 50 day moving average price is C$15.80 and its 200 day moving average price is C$14.77. The stock has a market capitalization of C$2.00 billion, a P/E ratio of 14.61 and a beta of 0.56. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.

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