Chemtrade Logistics Income Fund (TSE:CHE.UN) Sets New 1-Year High at $10.11

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) hit a new 52-week high on Thursday . The company traded as high as C$10.11 and last traded at C$10.09, with a volume of 90044 shares trading hands. The stock had previously closed at C$10.00.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHE.UN shares. Scotiabank lifted their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. National Bankshares boosted 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 report on Friday, August 16th. Desjardins boosted their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a “buy” rating in a report on Friday, August 16th. CIBC boosted their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, Royal Bank of Canada boosted their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Chemtrade Logistics Income Fund has an average rating of “Moderate Buy” and an average price target of C$12.85.

Chemtrade Logistics Income Fund Stock Performance

The firm’s 50-day moving average is C$9.55 and its 200 day moving average is C$8.97. The stock has a market cap of C$1.17 billion, a PE ratio of 9.09 and a beta of 1.49. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.055 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a yield of 6.59%. Chemtrade Logistics Income Fund’s payout ratio is currently 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.