Chemtrade Logistics Income Fund (TSE:CHE.UN) Cut to Market Perform at BMO Capital Markets

BMO Capital Markets downgraded shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) from an outperform rating to a market perform rating in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets currently has C$18.50 target price on the stock.

CHE.UN has been the topic of a number of other research reports. National Bank Financial lifted their target price on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a research report on Monday, April 13th. Raymond James Financial downgraded Chemtrade Logistics Income Fund from a “strong-buy” rating to a “market perform” rating and cut their price target for the stock from C$21.00 to C$15.00 in a report on Tuesday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund has an average rating of “Hold” and a consensus target price of C$18.14.

Chemtrade Logistics Income Fund Stock Performance

Shares of Chemtrade Logistics Income Fund stock opened at C$14.76 on Wednesday. Chemtrade Logistics Income Fund has a one year low of C$9.14 and a one year high of C$17.96. The company has a market cap of C$1.66 billion, a price-to-earnings ratio of 12.10 and a beta of 0.56. 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 business’s 50 day moving average price is C$15.76 and its 200 day moving average price is C$14.82.

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.