Analysts Set Chemtrade Logistics Income Fund (TSE:CHE.UN) PT at C$12.83

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$12.83.

A number of research analysts have commented on the stock. Desjardins lifted their price objective on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. National Bankshares boosted their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. BMO Capital Markets increased their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. CIBC raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Finally, Scotiabank boosted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th.

Chemtrade Logistics Income Fund Price Performance

CHE.UN stock opened at C$11.54 on Wednesday. The business has a 50 day moving average price of C$10.80 and a 200 day moving average price of C$9.82. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The stock has a market cap of C$1.35 billion, a price-to-earnings ratio of 10.49 and a beta of 1.50. Chemtrade Logistics Income Fund has a fifty-two week low of C$7.77 and a fifty-two week high of C$11.58.

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.