Chemtrade Logistics Income Fund (TSE:CHE.UN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Chemtrade Logistics Income Fund (TSE:CHE.UN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.49 and traded as high as C$14.18. Chemtrade Logistics Income Fund shares last traded at C$14.13, with a volume of 196,513 shares traded.

Analyst Ratings Changes

CHE.UN has been the subject of a number of analyst reports. CIBC boosted their price target on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. Scotiabank downgraded shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$15.00 to C$17.00 in a report on Friday, November 14th. Royal Bank Of Canada boosted their target price on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research report on Thursday, November 13th. Raymond James Financial raised Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from C$16.00 to C$21.00 in a research report on Thursday, November 13th. Finally, BMO Capital Markets upped their price target on Chemtrade Logistics Income Fund from C$15.00 to C$20.00 in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$18.29.

Chemtrade Logistics Income Fund Price Performance

The stock has a market cap of C$1.64 billion, a P/E ratio of 14.72 and a beta of 1.13. 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 fifty day simple moving average is C$13.74 and its 200-day simple moving average is C$12.49.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were paid a dividend of $0.0575 per share. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.9%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 71.09%.

About Chemtrade Logistics Income Fund

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.