Analysts Set Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target at C$18.21

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$18.21.

Several research analysts have issued reports on CHE.UN shares. Scotiabank cut Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$15.00 to C$17.00 in a research report on Friday, November 14th. Canadian Imperial Bank of Commerce boosted their price target on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a report on Friday, November 14th. BMO Capital Markets decreased their price objective on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Royal Bank Of Canada lifted their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research report on Thursday, November 13th. Finally, National Bank Financial boosted their price objective on Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, January 19th.

Chemtrade Logistics Income Fund Stock Up 0.1%

CHE.UN opened at C$15.44 on Friday. The stock has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 16.08 and a beta of 1.12. The firm has a 50 day moving average price of C$15.43 and a 200-day moving average price of C$14.21. Chemtrade Logistics Income Fund has a twelve month low of C$8.50 and a twelve month high of C$16.46. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

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.