Chemtrade Logistics Income Fund (TSE:CHE.UN) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.29 and traded as high as C$11.15. Chemtrade Logistics Income Fund shares last traded at C$11.15, with a volume of 105,787 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CHE.UN shares. Raymond James Financial lifted their price target on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. CIBC raised their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. Desjardins lifted their target price on shares of Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the company a “buy” rating in a report on Thursday, May 22nd. Finally, National Bankshares increased their price target on shares of Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Chemtrade Logistics Income Fund currently has an average rating of “Moderate Buy” and an average target price of C$14.33.

Get Our Latest Stock Report on CHE.UN

Chemtrade Logistics Income Fund Stock Performance

The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The stock has a fifty day moving average price of C$10.30 and a 200-day moving average price of C$10.29. The firm has a market cap of C$1.30 billion, a price-to-earnings ratio of 10.14 and a beta of 1.50.

Insider Buying and Selling at Chemtrade Logistics Income Fund

In other Chemtrade Logistics Income Fund news, Senior Officer Timothy Neil Montgomery acquired 60,921 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average price of C$9.14 per share, with a total value of C$556,817.94. 0.19% of the stock is currently owned by corporate insiders.

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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