Chemtrade Logistics Income Fund (TSE:CHE.UN) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.33 and traded as high as C$11.15. Chemtrade Logistics Income Fund shares last traded at C$11.08, with a volume of 260,190 shares.

Analysts Set New Price Targets

CHE.UN has been the topic of several analyst reports. National Bankshares lifted their price objective on Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Desjardins lifted their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Raymond James lifted their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, CIBC lifted their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$14.33.

Chemtrade Logistics Income Fund Stock Up 0.7%

The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 10.25 and a beta of 1.50. The stock has a fifty day moving average price of C$9.78 and a two-hundred day moving average price of C$10.32.

Chemtrade Logistics Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.0575 per share. This is an increase from Chemtrade Logistics Income Fund's previous monthly dividend of $0.06. This represents a $0.69 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend was Friday, February 28th. Chemtrade Logistics Income Fund's dividend payout ratio is presently 60.00%.

Insider Buying and Selling

In other Chemtrade Logistics Income Fund news, Senior Officer Scott William Rook purchased 12,428 shares of Chemtrade Logistics Income Fund stock in a transaction on Monday, March 17th. The stock was bought at an average price of C$9.66 per share, for a total transaction of C$120,054.48. Also, Senior Officer Timothy Neil Montgomery purchased 60,921 shares of Chemtrade Logistics Income Fund stock in a transaction on Monday, April 14th. The shares were acquired at an average price of C$9.14 per share, with a total value of C$556,817.94. 0.19% of the stock is owned by company insiders.

Chemtrade Logistics Income Fund Company Profile

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.