Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives Average Rating of “Moderate Buy” from Brokerages

Chemtrade Logistics Income Fund (TSE:CHE.UN) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$18.21.

Several research analysts recently commented on CHE.UN shares. BMO Capital Markets cut their price target on 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. National Bank Financial lifted their price objective on Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, January 19th.

Chemtrade Logistics Income Fund Stock Performance

TSE:CHE.UN opened at C$15.93 on Wednesday. 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 firm has a 50-day moving average of C$15.53 and a two-hundred day moving average of C$14.46. The stock has a market cap of C$1.79 billion, a P/E ratio of 13.06 and a beta of 0.80. Chemtrade Logistics Income Fund has a 1-year low of C$8.50 and a 1-year high of C$16.46.

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.