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 $10.25 and traded as high as $10.97. Chemtrade Logistics Income Fund shares last traded at $10.89, with a volume of 144,274 shares changing hands.
Several equities analysts have weighed in on CHE.UN shares. TD Securities lifted their target price on Chemtrade Logistics Income Fund from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Friday, November 8th. CIBC raised their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 in a research note on Friday, November 8th. Finally, Raymond James reissued a “market perform” rating and issued a C$12.50 price objective on shares of Chemtrade Logistics Income Fund in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$12.07.
The firm has a market cap of $1.01 billion and a PE ratio of -5.46. The company has a quick ratio of 0.64, a current ratio of 1.76 and a debt-to-equity ratio of 192.59. The business has a 50-day moving average price of C$10.73 and a two-hundred day moving average price of C$10.25.
About Chemtrade Logistics Income Fund (TSE:CHE.UN)
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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