Chemtrade Logistics Income Fund (TSE:CHE.UN) PT Raised to C$9.50 at Scotiabank

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Rating) had its price target raised by stock analysts at Scotiabank from C$8.50 to C$9.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 23.86% from the stock’s previous close.

A number of other brokerages have also recently commented on CHE.UN. Raymond James set a C$12.00 price target on Chemtrade Logistics Income Fund and gave the company an “outperform” rating in a research note on Thursday. National Bankshares increased their price target on Chemtrade Logistics Income Fund from C$8.75 to C$9.25 and gave the company an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets increased their price objective on Chemtrade Logistics Income Fund from C$7.50 to C$8.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Chemtrade Logistics Income Fund currently has an average rating of “Buy” and a consensus target price of C$9.79.

Shares of CHE.UN opened at C$7.67 on Thursday. Chemtrade Logistics Income Fund has a 52 week low of C$6.01 and a 52 week high of C$8.40. The stock has a market capitalization of C$802.52 million and a price-to-earnings ratio of -3.32. The company has a debt-to-equity ratio of 316.28, a quick ratio of 0.26 and a current ratio of 0.53. The stock has a fifty day moving average of C$7.85 and a 200-day moving average of C$7.63.

Chemtrade Logistics Income Fund Company Profile (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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