Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.30 and traded as high as C$11.09. Chemtrade Logistics Income Fund shares last traded at C$11.01, with a volume of 145,174 shares.
Wall Street Analyst Weigh In
A number of brokerages have commented on CHE.UN. National Bankshares increased their price objective 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 report on Thursday, May 22nd. CIBC increased their price objective 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 report on Thursday, May 22nd. Raymond James increased their price objective on shares of Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Desjardins increased their price objective on shares of Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the company a "buy" rating in a research report on Thursday, May 22nd. One 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$14.33.
Read Our Latest Stock Analysis on CHE.UN
Chemtrade Logistics Income Fund Price Performance
The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 10.04 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. The company's 50 day moving average price is C$10.22 and its 200 day moving average price is C$10.31.
Insider Activity
In related news, Senior Officer Scott William Rook purchased 12,428 shares of the business's stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of C$9.66 per share, for a total transaction of C$120,054.48. Also, Senior Officer Timothy Neil Montgomery bought 60,921 shares of the company's stock in a transaction on Monday, April 14th. The shares were acquired at an average price of C$9.14 per share, with a total value of C$556,817.94. Insiders own 0.19% of the company's stock.
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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