Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Chemtrade Logistics Income Fund (TSE:CHE.UN) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.59 and traded as high as C$16.33. Chemtrade Logistics Income Fund shares last traded at C$16.09, with a volume of 180,715 shares.

Analysts Set New Price Targets

CHE.UN has been the topic of several analyst reports. BMO Capital Markets reduced their target price on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a report on Friday, January 9th. National Bank Financial raised their price target on shares of Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$18.21.

Chemtrade Logistics Income Fund Price 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’s 50-day simple moving average is C$15.68 and its 200 day simple moving average is C$14.60. The firm has a market cap of C$1.78 billion, a P/E ratio of 13.02 and a beta of 0.80.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.