Chemtrade Logistics Income Fund (TSE:CHE.UN) Sets New 1-Year High at $11.12

Chemtrade Logistics Income Fund (TSE:CHE.UN)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$11.12 and last traded at C$11.03, with a volume of 33794 shares traded. The stock had previously closed at C$11.02.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CHE.UN shares. Scotiabank increased their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. CIBC increased their price objective on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. BMO Capital Markets raised their target price on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Desjardins upped their price target on Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, National Bankshares raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$12.71.

Chemtrade Logistics Income Fund Stock Up 0.3 %

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 stock’s 50 day moving average price is C$9.91 and its 200-day moving average price is C$9.24. The company has a market cap of C$1.31 billion, a PE ratio of 10.18 and a beta of 1.49.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently declared 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 was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a yield of 5.89%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 60.00%.

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.