Chemtrade Logistics Income Fund (CHE.UN) Downgraded by CIBC
CIBC cut shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) from an outperform rating to a neutral rating in a research report released on Thursday. They currently have C$14.00 price objective on the stock, down from their prior price objective of C$20.00.
A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada dropped their price objective on Chemtrade Logistics Income Fund from C$18.00 to C$16.00 and set a sector perform rating on the stock in a research note on Monday, November 12th. National Bank Financial dropped their price objective on Chemtrade Logistics Income Fund from C$18.25 to C$17.25 and set an outperform rating on the stock in a research note on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Chemtrade Logistics Income Fund has a consensus rating of Buy and an average price target of C$17.13.
Shares of CHE.UN traded down C$0.09 on Thursday, hitting C$10.34. The company’s stock had a trading volume of 236,399 shares, compared to its average volume of 157,642. Chemtrade Logistics Income Fund has a fifty-two week low of C$15.86 and a fifty-two week high of C$20.02.
Chemtrade Logistics Income Fund (Chemtrade) provides industrial chemicals and services. Chemtrade operates in four business segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), International (Intl) and Corporate (Corp). Its SPPC segment markets, removes and produces merchant, regenerated sulfuric acid, liquid sulfur dioxide, sodium hydrosulfite, elemental sulfur, hydrogen sulfide, and sodium bisulfite and other processing services.
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