CIBC Raises Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$12.50

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective lifted by stock analysts at CIBC from C$10.50 to C$12.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price suggests a potential upside of 12.11% from the company’s previous close.

Chemtrade Logistics Income Fund Trading Up 0.6%

Shares of TSE CHE.UN opened at C$11.15 on Thursday. The firm’s 50 day moving average price is C$9.75 and its 200-day moving average price is C$10.33. The company has a market cap of C$1.30 billion, a PE ratio of 10.14 and a beta of 1.50. Chemtrade Logistics Income Fund has a 52-week low of C$8.50 and a 52-week high of C$12.05. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Insider Transactions at Chemtrade Logistics Income Fund

In related news, Senior Officer Timothy Neil Montgomery acquired 60,921 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average price of C$9.14 per share, for a total transaction of C$556,817.94. Also, Senior Officer Scott William Rook acquired 12,428 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of C$9.66 per share, for a total transaction of C$120,054.48. Insiders own 0.19% of the company’s stock.

About Chemtrade Logistics Income Fund

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.