Chemtrade Logistics Income Fund (TSE:CHE.UN) PT Raised to C$14.00 at Desjardins

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target raised by investment analysts at Desjardins from C$13.25 to C$14.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 25.67% from the stock’s current price.

A number of other analysts also recently weighed in on the company. BMO Capital Markets increased their price objective on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. National Bankshares increased their price objective on 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. Scotiabank increased their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. Finally, CIBC upped their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.83.

Chemtrade Logistics Income Fund Stock Down 0.4 %

Shares of TSE:CHE.UN opened at C$11.14 on Thursday. The company has a fifty day moving average of C$10.35 and a 200-day moving average of C$9.49. The company has a market capitalization of C$1.30 billion, a PE ratio of 10.13 and a beta of 1.50. 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 has a 52-week low of C$7.77 and a 52-week high of C$11.32.

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.