Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective hoisted by analysts at BMO Capital Markets from C$12.00 to C$15.00 in a note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 31.00% from the company’s current price.

A number of other brokerages also recently weighed in on CHE.UN. 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. Desjardins upped 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. CIBC lifted their price target on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a research note on Monday. Scotiabank upped their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. Finally, Raymond James raised their price objective on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday.

Chemtrade Logistics Income Fund Price Performance

TSE:CHE.UN opened at C$11.45 on Tuesday. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The firm has a market cap of C$1.34 billion, a price-to-earnings ratio of 10.41 and a beta of 1.50. Chemtrade Logistics Income Fund has a 52 week low of C$7.77 and a 52 week high of C$11.69. The firm’s 50-day simple moving average is C$10.89 and its 200 day simple moving average is C$9.87.

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.