BMO Capital Markets Has Lowered Expectations for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective reduced by equities researchers at BMO Capital Markets from C$20.00 to C$18.50 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 21.87% from the company’s current price.

A number of other brokerages have also recently commented on CHE.UN. CIBC increased their price target on shares of Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research note on Friday, November 14th. Royal Bank Of Canada raised their target price on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research note on Thursday, November 13th. Raymond James Financial upgraded Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from C$16.00 to C$21.00 in a report on Thursday, November 13th. Finally, Scotiabank lowered Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$15.00 to C$17.00 in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$18.07.

Chemtrade Logistics Income Fund Trading Down 2.9%

Shares of CHE.UN opened at C$15.18 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The stock has a 50 day simple moving average of C$14.35 and a 200-day simple moving average of C$13.06. The stock has a market cap of C$1.76 billion, a PE ratio of 15.81 and a beta of 1.18. Chemtrade Logistics Income Fund has a 1 year low of C$8.50 and a 1 year high of C$15.88.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.