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

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.62 and traded as high as C$14.50. Chemtrade Logistics Income Fund shares last traded at C$14.36, with a volume of 127,586 shares trading hands.

Wall Street Analyst Weigh In

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

Chemtrade Logistics Income Fund Stock Down 0.6%

The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The company has a market capitalization of C$1.66 billion, a PE ratio of 14.96 and a beta of 1.13. The firm’s 50-day simple moving average is C$13.87 and its 200 day simple moving average is C$12.62.

Chemtrade Logistics Income Fund Dividend Announcement

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