Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$18.21.

CHE.UN has been the subject of a number of analyst reports. BMO Capital Markets dropped their price objective on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating for the company in a research note on Friday, January 9th. National Bank Financial upped their price target on shares of Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the company an “outperform” rating in a report on Monday, January 19th.

Chemtrade Logistics Income Fund Price Performance

CHE.UN opened at C$16.35 on Wednesday. The stock’s 50 day simple moving average is C$15.61 and its 200 day simple moving average is C$14.53. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. Chemtrade Logistics Income Fund has a 1 year low of C$8.50 and a 1 year high of C$16.46. The firm has a market cap of C$1.84 billion, a price-to-earnings ratio of 13.40 and a beta of 0.80.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.