Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.22 and traded as high as C$11.09. Chemtrade Logistics Income Fund shares last traded at C$10.99, with a volume of 284,307 shares changing hands.

Analysts Set New Price Targets

A number of analysts have commented on CHE.UN shares. BMO Capital Markets lifted their target price on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th. Raymond James lifted their price objective on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday, November 18th. CIBC cut their target price on Chemtrade Logistics Income Fund from C$15.00 to C$13.00 in a research note on Tuesday, December 10th. Finally, Desjardins boosted their target price on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th.

Chemtrade Logistics Income Fund Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The company has a 50 day simple moving average of C$11.27 and a 200 day simple moving average of C$10.23. The stock has a market cap of C$1.26 billion, a P/E ratio of 9.83 and a beta of 1.50.

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.