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

Chemtrade Logistics Income Fund (TSE:CHE.UN) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$18.21.

CHE.UN has been the subject of a number of analyst reports. Raymond James Financial raised shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from C$16.00 to C$21.00 in a research report on Thursday, November 13th. Scotiabank lowered Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$15.00 to C$17.00 in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce lifted their price objective on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. National Bank Financial increased their target price on Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday, January 19th. Finally, BMO Capital Markets decreased 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.

Chemtrade Logistics Income Fund Stock Down 1.5%

CHE.UN opened at C$15.43 on Friday. The firm has a market cap of C$1.79 billion, a P/E ratio of 16.07 and a beta of 1.12. The business’s fifty day simple moving average is C$15.41 and its 200 day simple moving average is C$14.14. Chemtrade Logistics Income Fund has a 52 week low of C$8.50 and a 52 week high of C$16.46. The company has a quick ratio of 0.48, a current ratio of 0.40 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.