Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) Stock Rating Upgraded by Raymond James

Chemtrade Logistics Income Fund (OTCMKTS:CGIFF – Get Rating) was upgraded by Raymond James from a “market perform” rating to an “outperform” rating in a report issued on Friday, The Fly reports.

Several other equities analysts have also recently issued reports on CGIFF. CIBC upped their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 in a research report on Thursday, January 12th. National Bank Financial dropped their target price on shares of Chemtrade Logistics Income Fund to C$11.50 in a report on Wednesday, April 26th. Scotiabank cut their price target on Chemtrade Logistics Income Fund from C$10.50 to C$10.00 in a report on Thursday, March 9th. Desjardins reduced their target price on Chemtrade Logistics Income Fund from C$13.50 to C$12.50 in a research note on Tuesday, April 25th. Finally, BMO Capital Markets raised their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Tuesday, January 17th.

Chemtrade Logistics Income Fund Stock Performance

Shares of CGIFF stock opened at $5.97 on Friday. Chemtrade Logistics Income Fund has a twelve month low of $4.93 and a twelve month high of $7.64. The stock’s fifty day simple moving average is $5.81 and its 200 day simple moving average is $6.47.

Chemtrade Logistics Income Fund Company Profile

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Chemtrade Logistics Income Fund engages in the provision of portfolio of industrial chemicals and value-added services. It operates through the following segments: Sulphur and Water Chemicals, Electrochemicals, and Corporate. The Sulphur and Water Chemicals segment markets sulphuric acid, liquid sulphur dioxide, sulphur, sodium hydrosulphite, sodium bisulphate, zinc oxide and a variety of inorganic coagulants used in water treatment.