Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Chemtrade Logistics Income Fund (TSE:CHE.UN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.34 and traded as high as C$11.06. Chemtrade Logistics Income Fund shares last traded at C$10.82, with a volume of 255,778 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on CHE.UN. Raymond James boosted their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday, November 18th. BMO Capital Markets upped their target price on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research note on Tuesday, November 19th. Desjardins raised their price target 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 report on Thursday, October 17th. Finally, CIBC cut their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a research report on Tuesday, December 10th.

Chemtrade Logistics Income Fund Stock Performance

The stock has a 50 day moving average of C$11.22 and a two-hundred day moving average of C$10.34. The stock has a market capitalization of C$1.26 billion, a PE ratio of 9.84 and a beta of 1.50. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

Chemtrade Logistics Income Fund Company Profile

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.