Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.71 and traded as high as C$12.99. Chemtrade Logistics Income Fund shares last traded at C$12.93, with a volume of 147,001 shares traded.

Wall Street Analysts Forecast Growth

CHE.UN has been the topic of several research reports. Desjardins increased their price objective on shares of Chemtrade Logistics Income Fund from C$15.50 to C$16.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. CIBC raised their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a "neutral" rating in a research note 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 company an "outperform" rating in a research note on Thursday, May 22nd. Scotiabank upgraded shares of Chemtrade Logistics Income Fund from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$13.50 to C$15.00 in a research note on Friday, August 15th. Finally, Raymond James Financial raised their price target on shares of Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a research note on Monday, August 18th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$15.25.

Chemtrade Logistics Income Fund Stock Down 0.1%

The firm's fifty day moving average price is C$11.78 and its 200-day moving average price is C$10.71. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The firm has a market capitalization of C$1.46 billion, a P/E ratio of 12.08 and a beta of 1.46.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be issued a $0.0575 dividend. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 5.3%. Chemtrade Logistics Income Fund's dividend payout ratio (DPR) is 63.08%.

Chemtrade Logistics Income Fund Company Profile

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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