Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.29 and traded as high as C$11.15. Chemtrade Logistics Income Fund shares last traded at C$11.15, with a volume of 105,787 shares changing hands.
Wall Street Analyst Weigh In
CHE.UN has been the topic of several recent analyst reports. Raymond James Financial boosted their price target on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. CIBC upped their target price on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. National Bankshares raised their price target on shares of 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. Finally, Desjardins lifted their price target on shares of Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Chemtrade Logistics Income Fund currently has a consensus rating of "Moderate Buy" and an average target price of C$14.33.
Read Our Latest Research Report on CHE.UN
Chemtrade Logistics Income Fund Price Performance
The firm has a market capitalization of C$1.30 billion, a P/E ratio of 10.11 and a beta of 1.50. The business's fifty day moving average is C$10.30 and its 200 day moving average is C$10.29. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02.
Insider Activity
In related news, Senior Officer Timothy Neil Montgomery acquired 60,921 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average cost of C$9.14 per share, with a total value of C$556,817.94. Corporate insiders own 0.19% of the company's stock.
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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