Chemtrade Logistics Income Fund (TSE:CHE.UN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Chemtrade Logistics Income Fund (TSE:CHE.UN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.37 and traded as high as C$14.39. Chemtrade Logistics Income Fund shares last traded at C$14.31, with a volume of 195,055 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BMO Capital Markets boosted their target price on Chemtrade Logistics Income Fund from C$15.00 to C$20.00 in a report on Thursday, November 13th. Desjardins boosted their price objective 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. Royal Bank Of Canada upped their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a report on Thursday, November 13th. Raymond James Financial raised Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from C$16.00 to C$21.00 in a report on Thursday, November 13th. Finally, CIBC boosted their price target on shares of Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.29.

Chemtrade Logistics Income Fund Stock Performance

The stock has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 14.91 and a beta of 1.31. 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 stock’s 50-day simple moving average is C$13.64 and its 200 day simple moving average is C$12.37.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were issued a $0.0575 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, September 29th. Chemtrade Logistics Income Fund’s payout ratio is presently 71.09%.

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.