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

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

A number of other analysts also recently issued reports on CHE.UN. 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 research report on Friday, August 16th. Scotiabank lifted 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. Desjardins boosted their price target on shares of 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. Raymond James raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research report on Monday, November 18th. Finally, BMO Capital Markets upped their target price on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research report on Tuesday, November 19th.

Chemtrade Logistics Income Fund Price Performance

TSE:CHE.UN opened at C$11.28 on Tuesday. Chemtrade Logistics Income Fund has a 52-week low of C$7.77 and a 52-week high of C$12.05. The stock has a fifty day moving average of C$11.28 and a 200 day moving average of C$10.17. 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 firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 10.25 and a beta of 1.50.

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.