Chemtrade Logistics Income Fund (TSE:CHE.UN) Reaches New 1-Year High – Here’s What Happened

Posted by Caroline Horne on Nov 30th, 2024

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$11.73 and last traded at C$11.73, with a volume of 173103 shares changing hands. The stock had previously closed at C$11.52.

Analyst Ratings Changes

A number of research firms have weighed in on CHE.UN. CIBC upped their target price on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a research report on Monday, November 18th. BMO Capital Markets upped their price objective on Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th. Scotiabank lifted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. Raymond James upped their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday, November 18th. Finally, National Bankshares raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, August 16th.

Read Our Latest Stock Analysis on CHE.UN

Chemtrade Logistics Income Fund Price Performance

The company has a market cap of C$1.38 billion, a PE ratio of 10.69 and a beta of 1.50. The stock has a fifty day moving average price of C$11.06 and a 200-day moving average price of C$9.97. 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

(Get Free Report)

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.