Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Rating of “Buy” by Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UNGet Rating) have received an average recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$9.46.

Several brokerages have weighed in on CHE.UN. Raymond James upped their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, February 24th. National Bankshares lowered their target price on shares of Chemtrade Logistics Income Fund from C$10.00 to C$8.75 and set an “outperform” rating on the stock in a research report on Friday, January 28th. Finally, CIBC upped their target price on shares of Chemtrade Logistics Income Fund from C$10.00 to C$10.50 in a research report on Tuesday, January 11th.

Shares of CHE.UN opened at C$7.63 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.26 and a debt-to-equity ratio of 316.28. The firm’s 50-day moving average is C$7.82 and its two-hundred day moving average is C$7.63. Chemtrade Logistics Income Fund has a twelve month low of C$6.01 and a twelve month high of C$8.56. The firm has a market capitalization of C$795.22 million and a P/E ratio of -3.30.

About Chemtrade Logistics Income Fund (Get Rating)

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.

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Analyst Recommendations for Chemtrade Logistics Income Fund (TSE:CHE.UN)

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