Raymond James Raises Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$15.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target lifted by equities researchers at Raymond James from C$14.00 to C$15.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 34.53% from the company’s previous close.

Separately, CIBC increased their price target on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$14.33.

Chemtrade Logistics Income Fund Price Performance

Shares of Chemtrade Logistics Income Fund stock opened at C$11.15 on Thursday. The business has a 50 day simple moving average of C$9.75 and a two-hundred day simple moving average of C$10.33. Chemtrade Logistics Income Fund has a 12 month low of C$8.50 and a 12 month high of C$12.05. The stock has a market capitalization of C$1.30 billion, a P/E ratio of 10.14 and a beta of 1.50. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

Insider Transactions at Chemtrade Logistics Income Fund

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