Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) hit a new 52-week high during mid-day trading on Thursday after Desjardins raised their price target on the stock from C$13.25 to C$14.00. Desjardins currently has a buy rating on the stock. Chemtrade Logistics Income Fund traded as high as C$11.26 and last traded at C$11.25, with a volume of 83436 shares changing hands. The stock had previously closed at C$11.00.
CHE.UN has been the subject of several other research reports. CIBC increased their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. BMO Capital Markets increased their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an "outperform" rating in a research note on Tuesday, September 24th. National Bankshares boosted their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Finally, Scotiabank increased their price target on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$12.83.
Check Out Our Latest Analysis on CHE.UN
Chemtrade Logistics Income Fund Price Performance
The business's 50-day moving average price is C$10.31 and its 200 day moving average price is C$9.47. The company has a market capitalization of C$1.30 billion, a P/E ratio of 10.16 and a beta of 1.50. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.
Chemtrade Logistics Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were paid a $0.055 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a yield of 5.90%. Chemtrade Logistics Income Fund's dividend payout ratio is currently 60.00%.
About Chemtrade Logistics Income Fund
(
Get Free Report)
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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