BMO Capital Markets Boosts Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$8.00

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Rating) had its price target hoisted by analysts at BMO Capital Markets from C$7.50 to C$8.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 3.23% from the stock’s current price.

CHE.UN has been the topic of a number of other reports. Raymond James increased their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, February 24th. National Bankshares cut 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 note on Friday, January 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chemtrade Logistics Income Fund presently has a consensus rating of “Buy” and an average price target of C$9.63.

Shares of Chemtrade Logistics Income Fund stock traded down C$0.04 on Thursday, hitting C$7.75. 140,174 shares of the company’s stock traded hands, compared to its average volume of 331,141. The company has a fifty day moving average of C$7.84 and a two-hundred day moving average of C$7.63. Chemtrade Logistics Income Fund has a one year low of C$6.01 and a one year high of C$8.40. The company has a market capitalization of C$810.89 million and a price-to-earnings ratio of -3.33. The company has a debt-to-equity ratio of 316.28, a current ratio of 0.53 and a quick ratio of 0.26.

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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