Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$18.21.

Several equities research analysts recently weighed in on the stock. Scotiabank downgraded Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$15.00 to C$17.00 in a research note on Friday, November 14th. CIBC upped their price target on shares of Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. National Bankshares lifted their price objective on shares of Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research report on Monday, January 19th. Raymond James Financial raised shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from C$16.00 to C$21.00 in a research note on Thursday, November 13th. Finally, BMO Capital Markets dropped 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 research note on Friday, January 9th.

Chemtrade Logistics Income Fund Trading Up 0.1%

TSE CHE.UN opened at C$15.82 on Tuesday. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. Chemtrade Logistics Income Fund has a 12 month low of C$8.50 and a 12 month high of C$15.95. The company’s fifty day moving average price is C$14.77 and its two-hundred day moving average price is C$13.54. The company has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 16.48 and a beta of 1.18.

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.