Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.65 and traded as high as C$11.05. Chemtrade Logistics Income Fund shares last traded at C$11.02, with a volume of 209,265 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHE.UN. BMO Capital Markets upped their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a report on Tuesday, September 24th. Desjardins increased their price objective on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. CIBC upped their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Scotiabank raised their price target on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. Finally, National Bankshares raised their price objective on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$12.83.

Chemtrade Logistics Income Fund Stock Performance

The firm's 50 day simple moving average is C$10.61 and its 200-day simple moving average is C$9.66. 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$1.29 billion, a price-to-earnings ratio of 10.02 and a beta of 1.50.

About Chemtrade Logistics Income Fund

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.