Raymond James reissued their market perform rating on shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) in a research note issued to investors on Friday morning, BayStreet.CA reports. Raymond James currently has a C$12.50 target price on the stock.

CHE.UN stock opened at C$10.96 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 182.00. Chemtrade Logistics Income Fund has a 12 month low of C$8.01 and a 12 month high of C$12.72. The firm has a market cap of $1.01 billion and a P/E ratio of -5.80. The company’s 50-day moving average price is C$10.67 and its two-hundred day moving average price is C$10.02.

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.95%. The ex-dividend date of this dividend is Wednesday, October 30th. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is presently -63.49%.

In related news, Senior Officer Leon Aarts purchased 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of C$9.97 per share, with a total value of C$59,796.00. Following the acquisition, the insider now owns 70,000 shares of the company’s stock, valued at approximately C$697,620. Also, Director Douglas Muzyka purchased 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of C$10.16 per share, for a total transaction of C$71,148.00. Following the completion of the acquisition, the director now directly owns 14,000 shares in the company, valued at approximately C$142,296. Insiders have purchased a total of 40,112 shares of company stock worth $414,273 over the last ninety days.

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.

Further Reading: What is operating income?

Analyst Recommendations for Chemtrade Logistics Income Fund (TSE:CHE.UN)

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