Chemtrade Logistics Income Fund (TSE:CHE.UN) PT Raised to C$11.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target lifted by Scotiabank from C$10.50 to C$11.00 in a research report released on Monday morning, BayStreet.CA reports.

Several other research analysts have also recently issued reports on CHE.UN. National Bankshares upped their price objective on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an outperform rating in a research report on Friday, August 16th. Royal Bank of Canada upped their price target 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. CIBC raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, Desjardins upped their target price on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the company a buy rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$12.85.

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN stock opened at C$9.94 on Monday. The company has a market cap of C$1.16 billion, a P/E ratio of 6.86 and a beta of 1.49. The firm has a fifty day moving average price of C$9.36 and a 200 day moving average price of C$8.88. The company has a current ratio of 0.42, a quick ratio of 0.48 and a debt-to-equity ratio of 128.22. Chemtrade Logistics Income Fund has a 12 month low of C$7.60 and a 12 month high of C$10.11.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 30th will be given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend is Wednesday, July 31st. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is 45.52%.

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.