Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.69 and traded as high as C$16.61. Chemtrade Logistics Income Fund shares last traded at C$16.34, with a volume of 199,383 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CHE.UN shares. BMO Capital Markets raised shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price objective for the company in a report on Thursday, April 23rd. Raymond James Financial raised shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$15.00 to C$21.00 in a report on Tuesday, April 28th. Royal Bank Of Canada upped their price objective on shares of Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Scotia upped their price objective on shares of Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Finally, National Bank Financial upped their price objective on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a report on Monday, April 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.25.

Chemtrade Logistics Income Fund Trading Down 0.8%

The business has a fifty day moving average of C$16.56 and a 200-day moving average of C$15.71. The stock has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 15.41 and a beta of 0.83. 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 Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Thursday, April 30th. Chemtrade Logistics Income Fund’s payout ratio is presently 67.72%.

About Chemtrade Logistics Income Fund

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.