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

Key Points

• Price breakout: Chemtrade's shares crossed above its 200‑day moving average — the 200‑day MA is C$15.11 and the stock traded as high as C$17.84 (last C$17.80) on volume ~256,966, a bullish technical signal.
• Analyst upgrades: Multiple firms upgraded the stock to "outperform" and raised targets, leaving an average rating of "Moderate Buy" with an average price target of C$19.00 (individual targets up to C$23.50).
• Dividend and balance‑sheet caution: The fund declared a monthly dividend of $0.06 (4.0% yield, ex‑dividend Apr 30, payable May 29), but carries high leverage (debt‑to‑equity ~128%) and weak liquidity (current ratio 0.40), which increases risk despite the yield.

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.11 and traded as high as C$17.84. Chemtrade Logistics Income Fund shares last traded at C$17.80, with a volume of 256,966 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Raymond James Financial upgraded shares of Chemtrade Logistics Income Fund from a "market perform" rating to an "outperform" rating and boosted their target price for the company from C$15.00 to C$21.00 in a report on Tuesday, April 28th. National Bank Financial boosted their target price on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an "outperform" rating in a report on Monday, April 13th. Finally, BMO Capital Markets upgraded shares of Chemtrade Logistics Income Fund from a "market perform" rating to an "outperform" rating and set a C$18.50 price objective on the stock in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$19.00.

Chemtrade Logistics Income Fund Stock Performance

The firm's 50 day moving average is C$15.87 and its two-hundred day moving average is C$15.11. The stock has a market capitalization of C$2.00 billion, a PE ratio of 14.59 and a beta of 0.65. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Chemtrade Logistics Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, April 30th. Chemtrade Logistics Income Fund's payout ratio is 56.56%.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.