Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.26 and traded as high as C$11.10. Chemtrade Logistics Income Fund shares last traded at C$11.05, with a volume of 67,625 shares traded.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on CHE.UN shares. CIBC upped their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Desjardins upped 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 research report on Thursday, May 22nd. Raymond James Financial lifted their target price on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, National Bankshares upped their price target 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$14.33.
Get Our Latest Stock Report on CHE.UN
Chemtrade Logistics Income Fund Stock Performance
The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The stock has a fifty day moving average price of C$10.73 and a 200-day moving average price of C$10.26. The firm has a market cap of C$1.29 billion, a price-to-earnings ratio of 10.06 and a beta of 1.50.
Insider Transactions at Chemtrade Logistics Income Fund
In other Chemtrade Logistics Income Fund news, Senior Officer Timothy Neil Montgomery bought 60,921 shares of Chemtrade Logistics Income Fund stock in a transaction on Monday, April 14th. The stock was bought at an average price of C$9.14 per share, with a total value of C$556,817.94. Insiders own 0.19% of the company's stock.
About Chemtrade Logistics Income Fund
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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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