Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.27 and traded as high as C$11.10. Chemtrade Logistics Income Fund shares last traded at C$11.04, with a volume of 125,214 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CHE.UN. Desjardins upped their price objective on 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. CIBC upped their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. National Bankshares upped their price objective on Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Raymond James Financial upped their price objective 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$14.33.
View Our Latest Stock Report on Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund Price Performance
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 firm has a market cap of C$1.29 billion, a PE ratio of 10.05 and a beta of 1.50. The stock has a 50 day simple moving average of C$10.60 and a 200-day simple moving average of C$10.25.
Insiders Place Their Bets
In other Chemtrade Logistics Income Fund news, Senior Officer Timothy Neil Montgomery purchased 60,921 shares of the business's stock in a transaction on Monday, April 14th. The stock was acquired at an average price of C$9.14 per share, for a total transaction of C$556,817.94. 0.19% of the stock is currently owned by company insiders.
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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