Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$12.50 at Desjardins

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target increased by Desjardins from C$12.00 to C$12.50 in a research report sent to investors on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Separately, CIBC lowered their target price on Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$11.80.

Chemtrade Logistics Income Fund Trading Up 0.9 %

Shares of CHE.UN stock opened at C$8.56 on Thursday. The business’s 50 day moving average is C$8.34 and its two-hundred day moving average is C$8.52. Chemtrade Logistics Income Fund has a twelve month low of C$7.01 and a twelve month high of C$9.23. The company has a market capitalization of C$1.00 billion, a P/E ratio of 5.63 and a beta of 1.48. The company has a current ratio of 0.80, a quick ratio of 0.48 and a debt-to-equity ratio of 122.18.

Chemtrade Logistics Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued a $0.055 dividend. This is a boost from Chemtrade Logistics Income Fund’s previous monthly dividend of $0.05. This represents a $0.66 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend was Wednesday, February 28th. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 43.42%.

Insider Activity

In other Chemtrade Logistics Income Fund news, Senior Officer Timothy Neil Montgomery purchased 5,942 shares of Chemtrade Logistics Income Fund stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of C$5.93 per share, with a total value of C$35,236.06. Insiders own 0.18% of the company’s stock.

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.