Brokerages Set Chemtrade Logistics Income Fund (TSE:CHE.UN) Target Price at C$18.07

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$18.07.

CHE.UN has been the subject of several research analyst reports. Scotiabank cut Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$15.00 to C$17.00 in a research note on Friday, November 14th. CIBC increased their price objective on shares of Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research note on Friday, November 14th. Raymond James Financial raised shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from C$16.00 to C$21.00 in a report on Thursday, November 13th. Royal Bank Of Canada boosted their target price on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research report on Thursday, November 13th. Finally, BMO Capital Markets reduced 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 report on Friday, January 9th.

Chemtrade Logistics Income Fund Trading Down 1.7%

Shares of CHE.UN opened at C$14.67 on Friday. Chemtrade Logistics Income Fund has a one year low of C$8.50 and a one year high of C$15.88. The stock has a 50-day moving average price of C$14.41 and a 200 day moving average price of C$13.13. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The company has a market capitalization of C$1.70 billion, a P/E ratio of 15.28 and a beta of 1.18.

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.