Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

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$11.50 and traded as high as C$13.44. Chemtrade Logistics Income Fund shares last traded at C$13.41, with a volume of 347,497 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHE.UN. Raymond James Financial raised their price target on Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a research note on Monday, August 18th. Scotiabank raised Chemtrade Logistics Income Fund from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$13.50 to C$15.00 in a research note on Friday, August 15th. Finally, Desjardins raised their price target on 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Chemtrade Logistics Income Fund presently has a consensus rating of "Moderate Buy" and an average target price of C$15.25.

Chemtrade Logistics Income Fund Price Performance

The stock has a fifty day moving average price of C$13.13 and a 200-day moving average price of C$11.50. The firm has a market capitalization of C$1.51 billion, a PE ratio of 12.53 and a beta of 1.29. 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, October 31st. Shareholders of record on Friday, October 31st will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 5.1%. Chemtrade Logistics Income Fund's payout ratio is currently 63.08%.

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.

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