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
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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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