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$10.38 and traded as high as C$11.22. Chemtrade Logistics Income Fund shares last traded at C$11.12, with a volume of 385,446 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts have commented on CHE.UN shares. National Bankshares increased their target price on 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 target price on 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. Desjardins increased 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 research report on Thursday, May 22nd. Finally, Raymond James Financial increased their target price on 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Chemtrade Logistics Income Fund has a consensus rating of "Moderate Buy" and an average target price of C$14.33.
Get Our Latest Stock Analysis on CHE.UN
Chemtrade Logistics Income Fund Stock Performance
The company has a market cap of C$1.30 billion, a PE ratio of 10.11 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. The company has a 50-day moving average of C$11.15 and a 200-day moving average of C$10.38.
Chemtrade Logistics Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.2%. Chemtrade Logistics Income Fund's payout ratio is presently 60.00%.
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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