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Chemtrade Logistics Income Fund (TSE:CHE.UN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Chemtrade Logistics Income Fund logo with Basic Materials background

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.27 and traded as high as C$11.23. Chemtrade Logistics Income Fund shares last traded at C$11.18, with a volume of 113,140 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on CHE.UN. CIBC increased their price target on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Raymond James Financial raised 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. Desjardins increased their price target on Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, National Bankshares raised their target price on Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$14.33.

Read Our Latest Stock Analysis on Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund Price Performance

The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of 10.18 and a beta of 1.50. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The company has a 50 day moving average of C$10.93 and a 200 day moving average of C$10.26.

Chemtrade Logistics Income Fund Company Profile

(Get Free Report)

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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