Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$18.14 Consensus Target Price from Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) have received a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$18.14.

Several analysts recently commented on the stock. BMO Capital Markets downgraded shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “market perform” rating and set a C$18.50 target price for the company. in a report on Wednesday, April 15th. Raymond James Financial cut shares of Chemtrade Logistics Income Fund from a “strong-buy” rating to a “market perform” rating and lowered their price target for the company from C$21.00 to C$15.00 in a report on Tuesday, April 14th. Finally, National Bank Financial raised their price objective on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Monday, April 13th.

Check Out Our Latest Report on CHE.UN

Chemtrade Logistics Income Fund Trading Up 2.0%

CHE.UN stock opened at C$15.44 on Friday. Chemtrade Logistics Income Fund has a one year low of C$9.19 and a one year high of C$17.96. The stock has a market cap of C$1.73 billion, a price-to-earnings ratio of 12.66 and a beta of 0.56. The company has a fifty day moving average price of C$15.73 and a two-hundred day moving average price of C$14.87. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

About Chemtrade Logistics Income Fund

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Chemtrade Logistics Income Fund (TSE:CHE.UN)

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