Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.31 and traded as high as C$11.38. Chemtrade Logistics Income Fund shares last traded at C$11.28, with a volume of 376,329 shares.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on CHE.UN shares. CIBC lifted their target price 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. Desjardins lifted their target price 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 stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, National Bankshares lifted 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$14.33.
Get Our Latest Analysis on Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund Stock Performance
The firm has a fifty day simple moving average of C$11.14 and a 200-day simple moving average of C$10.33. The stock has a market cap of C$1.31 billion, a price-to-earnings ratio of 10.17 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.
Chemtrade Logistics Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be given a dividend of $0.0575 per share. The ex-dividend date is Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.2%. Chemtrade Logistics Income Fund's payout ratio is presently 60.00%.
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.
Further Reading
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