Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.57 and traded as high as C$11.05. Chemtrade Logistics Income Fund shares last traded at C$10.86, with a volume of 218,595 shares changing hands.
Analysts Set New Price Targets
CHE.UN has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an "outperform" rating in a report on Tuesday, September 24th. 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 research report on Friday, August 16th. Scotiabank upped their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. CIBC raised their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, Desjardins upped their price objective on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$12.83.
Check Out Our Latest Stock Report on CHE.UN
Chemtrade Logistics Income Fund Trading Down 0.1 %
The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The company has a market capitalization of C$1.27 billion, a P/E ratio of 9.87 and a beta of 1.50. The firm has a fifty day moving average price of C$10.48 and a 200-day moving average price of C$9.57.
Chemtrade Logistics Income Fund Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend was Wednesday, July 31st. Chemtrade Logistics Income Fund's dividend payout ratio is currently 60.00%.
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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