Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$14.00 at CIBC

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target hoisted by CIBC from C$13.50 to C$14.00 in a research note released on Friday, BayStreet.CA reports.

A number of other research firms have also weighed in on CHE.UN. Desjardins increased their price objective on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a buy rating in a research report on Friday. National Bankshares increased their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an outperform rating in a report on Friday. Finally, Royal Bank of Canada boosted their price objective on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an outperform rating in a report on Friday, May 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$12.55.

Chemtrade Logistics Income Fund Trading Up 3.3 %

CHE.UN stock opened at C$10.03 on Friday. The firm’s fifty day simple moving average is C$9.33 and its two-hundred day simple moving average is C$8.87. The stock has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 6.92 and a beta of 1.49. The company has a quick ratio of 0.48, a current ratio of 0.42 and a debt-to-equity ratio of 128.22. Chemtrade Logistics Income Fund has a twelve month low of C$7.60 and a twelve month high of C$10.11.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 6.58%. The ex-dividend date of this dividend is Wednesday, July 31st. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 45.52%.

Chemtrade Logistics Income Fund Company Profile

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.