Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.52 and traded as high as C$10.65. Chemtrade Logistics Income Fund shares last traded at C$10.54, with a volume of 292,313 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms have commented on CHE.UN. Desjardins raised their target price on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a "buy" rating in a report on Thursday, October 17th. BMO Capital Markets boosted their price objective on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research report on Tuesday, November 19th. CIBC cut their target price on Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a research note on Tuesday, December 10th. Finally, Raymond James lifted their price target on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday, November 18th.
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Chemtrade Logistics Income Fund Price Performance
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 business has a 50 day moving average price of C$10.92 and a 200-day moving average price of C$10.53. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 9.38 and a beta of 1.50.
About Chemtrade Logistics Income Fund
(
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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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