Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) shares hit a new 52-week high during mid-day trading 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 Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. 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. Scotiabank increased their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. Royal Bank of Canada increased their price target 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 Friday, May 17th. National Bankshares increased their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, CIBC increased their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Chemtrade Logistics Income Fund currently has a consensus rating of “Moderate Buy” and an average target price of C$12.85.
View Our Latest Analysis on Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund Stock Performance
Chemtrade Logistics Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were paid a $0.055 dividend. The ex-dividend date of this dividend 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 60.00%.
Chemtrade Logistics Income Fund Company Profile
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.
See Also
- Five stocks we like better than Chemtrade Logistics Income Fund
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Emerging Markets: What They Are and Why They Matter
- 3 Small Caps With Big Return Potential
- Recession or Not, These 3 Stocks Are Winners
- How to Effectively Use the MarketBeat Ratings Screener
- Why NVIDIA Is More of a Screaming Buy Than Ever
Receive News & Ratings for Chemtrade Logistics Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemtrade Logistics Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.