Chemtrade Logistics Income Fund (TSE:CHE.UN) Hits New 52-Week High – Should You Buy?

Chemtrade Logistics Income Fund (TSE:CHE.UN)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$15.59 and last traded at C$15.57, with a volume of 157810 shares changing hands. The stock had previously closed at C$15.21.

Analyst Upgrades and Downgrades

CHE.UN has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price target on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research note on Thursday, November 13th. CIBC upped their price objective on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research note on Friday, November 14th. Raymond James Financial raised Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from C$16.00 to C$21.00 in a report on Thursday, November 13th. BMO Capital Markets boosted their price objective on shares of Chemtrade Logistics Income Fund from C$15.00 to C$20.00 in a research note on Thursday, November 13th. Finally, Scotiabank downgraded shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$15.00 to C$17.00 in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$18.29.

Chemtrade Logistics Income Fund Stock Up 2.4%

The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 16.22 and a beta of 1.18. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The firm has a 50 day simple moving average of C$14.27 and a 200-day simple moving average of C$13.00.

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.