Analysts Set Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target at C$18.07

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$18.07.

Several equities analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a report on Friday. CIBC raised their price objective on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. Scotiabank downgraded Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$15.00 to C$17.00 in a research note on Friday, November 14th. Royal Bank Of Canada upped their target price on Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research report on Thursday, November 13th. Finally, Raymond James Financial upgraded Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from C$16.00 to C$21.00 in a research note on Thursday, November 13th.

Chemtrade Logistics Income Fund Stock Down 2.9%

Shares of Chemtrade Logistics Income Fund stock opened at C$15.18 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The company has a market cap of C$1.76 billion, a P/E ratio of 15.81 and a beta of 1.18. The firm’s 50 day moving average price is C$14.35 and its 200-day moving average price is C$13.08. Chemtrade Logistics Income Fund has a 52-week low of C$8.50 and a 52-week high of C$15.88.

About Chemtrade Logistics Income Fund

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.