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

Chemtrade Logistics Income Fund (TSE:CHE.UN) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.65 and traded as high as C$11.05. Chemtrade Logistics Income Fund shares last traded at C$11.02, with a volume of 209,265 shares changing hands.

Analysts Set New Price Targets

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

Chemtrade Logistics Income Fund Trading Up 0.2 %

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 stock has a market cap of C$1.29 billion, a P/E ratio of 10.02 and a beta of 1.50. The business’s fifty day simple moving average is C$10.59 and its 200 day simple moving average is C$9.65.

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.