Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.
Analysts Set New Price Targets
CHE.UN has been the topic of a number of recent research reports. Raymond James Financial increased 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 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 stock a "buy" rating in a research report on Thursday, May 22nd. CIBC increased their price target on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, National Bankshares increased 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 research report 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$14.33.
View Our Latest Analysis on CHE.UN
Chemtrade Logistics Income Fund Price Performance
The firm has a market cap of C$1.30 billion, a PE ratio of 10.13 and a beta of 1.50. 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 50 day moving average price of C$10.42 and a two-hundred day moving average price of C$10.27.
Insider Buying and Selling
In other news, Senior Officer Timothy Neil Montgomery bought 60,921 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price 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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