Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Chemtrade Logistics Income Fund (TSE:CHE.UN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.57 and traded as high as C$11.05. Chemtrade Logistics Income Fund shares last traded at C$10.86, with a volume of 218,595 shares.

Analysts Set New Price Targets

CHE.UN has been the subject of a number of recent research reports. Desjardins lifted their price objective on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Scotiabank boosted their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. BMO Capital Markets upped their price objective on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. CIBC lifted their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, National Bankshares raised their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.83.

Chemtrade Logistics Income Fund Price Performance

The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The firm has a fifty day moving average of C$10.53 and a two-hundred day moving average of C$9.59. The stock has a market capitalization of C$1.28 billion, a P/E ratio of 10.01 and a beta of 1.50.

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.