Chemtrade Logistics Income Fund (TSE:CHE.UN) Given New C$12.50 Price Target at Desjardins

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective raised by Desjardins from C$12.00 to C$12.50 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 41.24% from the stock’s previous close.

Separately, CIBC dropped their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$11.80.

Chemtrade Logistics Income Fund Price Performance

TSE:CHE.UN opened at C$8.85 on Thursday. The firm has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 5.82 and a beta of 1.48. Chemtrade Logistics Income Fund has a 52-week low of C$7.01 and a 52-week high of C$9.23. The stock has a fifty day moving average of C$8.33 and a 200 day moving average of C$8.52. The company has a debt-to-equity ratio of 122.18, a quick ratio of 0.48 and a current ratio of 0.80.

Insider Transactions at Chemtrade Logistics Income Fund

In other news, Senior Officer Timothy Neil Montgomery acquired 5,942 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of C$5.93 per share, for a total transaction of C$35,236.06. Company insiders own 0.18% of the company’s stock.

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.