CIBC Cuts Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$13.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price reduced by CIBC from C$15.00 to C$13.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts have also issued reports on CHE.UN. National Bankshares raised their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. BMO Capital Markets lifted their price objective on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research report on Tuesday, November 19th. Scotiabank increased their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. Raymond James raised their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday, November 18th. Finally, Desjardins upped their price objective on 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.

Chemtrade Logistics Income Fund Stock Performance

CHE.UN stock opened at C$11.28 on Tuesday. 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 firm has a market cap of C$1.32 billion, a PE ratio of 10.25 and a beta of 1.50. The business has a 50 day moving average of C$11.28 and a 200-day moving average of C$10.17. Chemtrade Logistics Income Fund has a 12-month low of C$7.77 and a 12-month high of C$12.05.

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.