Chemtrade Logistics Income Fund (TSE:CHE.UN) Reaches New 52-Week High – Should You Buy?

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) hit a new 52-week high during trading on Wednesday . The company traded as high as C$12.03 and last traded at C$11.92, with a volume of 20795 shares. The stock had previously closed at C$11.97.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHE.UN shares. Desjardins lifted their price target on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 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 stock an “outperform” rating in a research report on Friday, August 16th. Raymond James boosted their price objective on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research report on Monday, November 18th. BMO Capital Markets raised their target price on Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th. Finally, CIBC boosted their price target on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a report on Monday, November 18th.

Chemtrade Logistics Income Fund Price Performance

The firm’s 50-day moving average is C$11.22 and its two-hundred day moving average is C$10.08. The company has a market cap of C$1.37 billion, a P/E ratio of 10.71 and a beta of 1.50. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

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.