Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective lowered by National Bank Financial from C$11.25 to C$11.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other equities research analysts also recently commented on CHE.UN. Desjardins reduced their price target on shares of Chemtrade Logistics Income Fund from C$15.50 to C$14.00 in a research report on Monday, January 28th. Raymond James downgraded shares of Chemtrade Logistics Income Fund from an outperform rating to a market perform rating and reduced their price target for the company from C$15.00 to C$12.50 in a research report on Thursday, February 14th. TD Securities set a C$12.00 price target on shares of Chemtrade Logistics Income Fund in a research report on Friday, February 15th. BMO Capital Markets reduced their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$13.50 in a research report on Friday, February 15th. Finally, Royal Bank of Canada downgraded shares of Chemtrade Logistics Income Fund from an outperform rating to a sector perform rating and reduced their price target for the company from C$16.00 to C$12.00 in a research report on Friday, February 15th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Chemtrade Logistics Income Fund has a consensus rating of Hold and an average target price of C$11.86.

CHE.UN stock opened at C$9.54 on Friday. Chemtrade Logistics Income Fund has a 12 month low of C$15.86 and a 12 month high of C$20.02. The company has a market cap of $883.37 million and a P/E ratio of 72.82. The company has a quick ratio of 0.64, a current ratio of 1.06 and a debt-to-equity ratio of 120.32.

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 31st will be given a $0.10 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 12.58%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is presently 916.03%.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.

Featured Article: Gap Up Stocks

Analyst Recommendations for Chemtrade Logistics Income Fund (TSE:CHE.UN)

Receive News & Ratings for Chemtrade Logistics Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemtrade Logistics Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.