Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.42 and traded as high as C$17.02. Chemtrade Logistics Income Fund shares last traded at C$17.00, with a volume of 169,798 shares.
Wall Street Analysts Forecast Growth
CHE.UN has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their target price on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Raymond James Financial upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$15.00 to C$21.00 in a research note on Tuesday, April 28th. Scotia lifted their price target 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 research note on Thursday, May 14th. BMO Capital Markets upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price target on the stock in a research note on Thursday, April 23rd. Finally, National Bank Financial lifted their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Chemtrade Logistics Income Fund has an average rating of “Moderate Buy” and a consensus price target of C$19.25.
View Our Latest Stock Report on Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund Stock Up 2.3%
Chemtrade Logistics Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is 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.
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