Chemtrade Logistics Income Fund (TSE:CHE.UN) Raised to Outperform at BMO Capital Markets

Chemtrade Logistics Income Fund (TSE:CHE.UN) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a C$18.50 target price on the stock. BMO Capital Markets’ price target points to a potential upside of 13.71% from the company’s current price.

Other equities research analysts have also issued reports about the company. Raymond James Financial lowered Chemtrade Logistics Income Fund from a “strong-buy” rating to a “market perform” rating and lowered their price target for the company from C$21.00 to C$15.00 in a research report on Tuesday, April 14th. National Bank Financial increased their price target on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a research report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.14.

Chemtrade Logistics Income Fund Trading Up 1.4%

TSE CHE.UN opened at C$16.27 on Thursday. The firm has a market capitalization of C$1.83 billion, a P/E ratio of 13.34 and a beta of 0.56. The business has a fifty day simple moving average of C$15.72 and a 200 day simple moving average of C$14.90. Chemtrade Logistics Income Fund has a 12 month low of C$9.35 and a 12 month high of C$17.96. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02.

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.