Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$18.14 Average Price Target from Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$18.14.

Several research analysts have recently weighed in on the stock. National Bank Financial boosted their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a research report on Monday, April 13th. Raymond James Financial cut shares of Chemtrade Logistics Income Fund from a “strong-buy” rating to a “market perform” rating and lowered their price target for the company from C$21.00 to C$15.00 in a research report on Tuesday, April 14th. Finally, BMO Capital Markets raised shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price target on the stock in a research report on Thursday.

Chemtrade Logistics Income Fund Trading Up 2.5%

Shares of CHE.UN stock opened at C$16.04 on Friday. The company’s 50-day moving average price is C$15.72 and its 200-day moving average price is C$14.89. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The stock has a market cap of C$1.80 billion, a price-to-earnings ratio of 13.15 and a beta of 0.56. Chemtrade Logistics Income Fund has a twelve month low of C$9.35 and a twelve month high of C$17.96.

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.