Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$12.83 Consensus Price Target from Analysts

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

A number of analysts have recently weighed in on the stock. National Bankshares upped 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 report on Friday, August 16th. Scotiabank increased their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. BMO Capital Markets increased 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 note on Tuesday, September 24th. CIBC increased their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Finally, Desjardins upped their price target on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

Chemtrade Logistics Income Fund Stock Up 4.1 %

Shares of CHE.UN opened at C$11.54 on Wednesday. Chemtrade Logistics Income Fund has a 52 week low of C$7.77 and a 52 week high of C$11.58. The firm has a market cap of C$1.35 billion, a P/E ratio of 10.49 and a beta of 1.50. The firm’s 50-day simple moving average is C$10.80 and its 200 day simple moving average is C$9.80. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

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.