Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$23.50 at National Bank Financial

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target upped by National Bank Financial from C$18.00 to C$23.50 in a research report report published on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, BMO Capital Markets decreased their target price on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating for the company in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$19.00.

Chemtrade Logistics Income Fund Stock Performance

CHE.UN stock opened at C$17.76 on Monday. The firm has a market cap of C$1.99 billion, a price-to-earnings ratio of 14.56 and a beta of 0.56. The firm has a 50-day simple moving average of C$15.84 and a two-hundred day simple moving average of C$14.80. Chemtrade Logistics Income Fund has a one year low of C$9.14 and a one year high of C$17.96. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

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.