Brokerages Set Chemtrade Logistics Income Fund (TSE:CHE.UN) Target Price at C$12.83

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$12.83.

CHE.UN has been the subject of a number of research reports. Desjardins increased their target price on 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. BMO Capital Markets boosted their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Scotiabank increased their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. CIBC lifted their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Finally, National Bankshares upped their price objective on 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.

Chemtrade Logistics Income Fund Stock Performance

The stock has a fifty day moving average price of C$10.35 and a two-hundred day moving average price of C$9.50. The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 10.00 and a beta of 1.50. Chemtrade Logistics Income Fund has a twelve month low of C$7.77 and a twelve month high of C$11.32. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02.

Chemtrade Logistics Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Wednesday, July 31st. Chemtrade Logistics Income Fund’s payout ratio is presently 60.00%.

About Chemtrade Logistics Income Fund

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.