Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s share price 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 traded.
Analysts Set New Price Targets
Several analysts recently issued reports on CHE.UN shares. National Bankshares increased 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. CIBC upped 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 note on Thursday, May 22nd. Desjardins raised their target price on Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, 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 report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$14.33.
Read Our Latest Research Report on CHE.UN
Chemtrade Logistics Income Fund Trading Up 0.5%
The business's 50 day simple moving average is C$10.56 and its two-hundred day simple moving average is C$10.26. The stock has a market cap of C$1.29 billion, a P/E ratio of 10.05 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.
Insider Activity at Chemtrade Logistics Income Fund
In other Chemtrade Logistics Income Fund news, Senior Officer Timothy Neil Montgomery purchased 60,921 shares of the firm's stock in a transaction on Monday, April 14th. The stock was purchased at an average cost 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.
About Chemtrade Logistics Income Fund
(
Get Free Report)
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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