Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Passes Above 200 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 Friday . The stock has a 200-day moving average of C$12.91 and traded as high as C$14.91. Chemtrade Logistics Income Fund shares last traded at C$14.85, with a volume of 187,746 shares.

Wall Street Analyst Weigh In

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

Chemtrade Logistics Income Fund Trading Up 0.7%

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 firm has a market cap of C$1.72 billion, a PE ratio of 15.47 and a beta of 1.13. The stock has a 50-day simple moving average of C$14.16 and a two-hundred day simple moving average of C$12.91.

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. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.