Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$15.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price increased by stock analysts at BMO Capital Markets from C$12.00 to C$15.00 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 30.10% from the company’s previous close.

A number of other research analysts also recently issued reports on CHE.UN. Desjardins lifted their price target on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Raymond James lifted their price target on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday. National Bankshares lifted their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Scotiabank boosted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. Finally, CIBC boosted their target price on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.57.

Chemtrade Logistics Income Fund Trading Down 0.6 %

Shares of CHE.UN stock traded down C$0.07 on Tuesday, reaching C$11.53. 195,195 shares of the company’s stock were exchanged, compared to its average volume of 264,446. Chemtrade Logistics Income Fund has a 52 week low of C$7.77 and a 52 week high of C$11.69. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The stock has a market capitalization of C$1.34 billion, a PE ratio of 10.49 and a beta of 1.50. The company’s fifty day simple moving average is C$10.83 and its 200 day simple moving average is C$9.84.

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.