Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$16.00 at Raymond James Financial

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective hoisted by Raymond James Financial from C$15.00 to C$16.00 in a research note released on Monday,BayStreet.CA reports.

CHE.UN has been the topic of a number of other research reports. Desjardins increased their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the company a “buy” rating in a report on Thursday, May 22nd. National Bankshares increased their price target on Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. CIBC lifted their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Finally, Scotiabank raised shares of Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$13.50 to C$15.00 in a report on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.25.

Chemtrade Logistics Income Fund Trading Up 3.8%

Chemtrade Logistics Income Fund stock opened at C$12.70 on Monday. Chemtrade Logistics Income Fund has a one year low of C$8.50 and a one year high of C$12.86. The company’s fifty day moving average price is C$11.21 and its two-hundred day moving average price is C$10.41. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The company has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 11.55 and a beta of 1.50.

Chemtrade Logistics Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.0575 per share. The ex-dividend date is Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Chemtrade Logistics Income Fund’s payout ratio is 60.00%.

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.