Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Cross Above Two Hundred Day Moving Average of $8.67

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$8.67 and traded as high as C$9.30. Chemtrade Logistics Income Fund shares last traded at C$9.25, with a volume of 210,975 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Desjardins boosted their price target on Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, National Bankshares raised their price objective on Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a research note on Friday, May 17th.

Chemtrade Logistics Income Fund Stock Up 1.0 %

The company has a 50-day moving average of C$8.96 and a two-hundred day moving average of C$8.68. The company has a quick ratio of 0.48, a current ratio of 0.42 and a debt-to-equity ratio of 128.22. The company has a market capitalization of C$1.09 billion, a P/E ratio of 6.33 and a beta of 1.48.

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.