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’ price objective would suggest a potential upside of 30.10% from the company’s previous close.

A number of other research analysts have also recently commented on the company. CIBC upped their price target on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a research note on Monday. Raymond James upped their price target on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday. National Bankshares upped 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 research note on Friday, August 16th. Desjardins upped their price target on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Scotiabank increased their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of C$13.57.

Chemtrade Logistics Income Fund Price Performance

Shares of CHE.UN stock traded down C$0.07 during trading hours on Tuesday, reaching C$11.53. The company had a trading volume of 195,195 shares, compared to its average volume of 264,446. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The stock has a fifty day moving average of C$10.83 and a 200-day moving average of C$9.84. The company has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 10.49 and a beta of 1.50. Chemtrade Logistics Income Fund has a 12-month low of C$7.77 and a 12-month high of C$11.69.

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.