Chemtrade Logistics Income Fund (TSE:CHE.UN) Sets New 12-Month High at $11.12

Chemtrade Logistics Income Fund (TSE:CHE.UN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$11.12 and last traded at C$11.03, with a volume of 33794 shares changing hands. The stock had previously closed at C$11.02.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHE.UN. Scotiabank boosted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. BMO Capital Markets upped their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. CIBC raised 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 lifted their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Desjardins increased their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the company a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$12.71.

Chemtrade Logistics Income Fund Stock Down 0.2 %

The firm has a 50 day simple moving average of C$9.88 and a two-hundred day simple moving average of C$9.22. The stock has a market capitalization of C$1.28 billion, a P/E ratio of 10.02 and a beta of 1.49. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date was Wednesday, July 31st. Chemtrade Logistics Income Fund’s payout ratio is 60.00%.

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.