Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$14.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective hoisted by equities research analysts at Raymond James from C$13.00 to C$14.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 21.74% from the company’s current price.

A number of other brokerages also recently commented on CHE.UN. BMO Capital Markets boosted their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. Scotiabank raised their price target on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. National Bankshares lifted their price objective on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. CIBC increased their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, Desjardins increased their target price on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.57.

Chemtrade Logistics Income Fund Stock Performance

Shares of TSE:CHE.UN opened at C$11.50 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The company has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 10.45 and a beta of 1.50. The firm has a 50 day moving average of C$10.86 and a 200 day moving average of C$9.86. Chemtrade Logistics Income Fund has a 52 week low of C$7.77 and a 52 week high of C$11.69.

Chemtrade Logistics Income Fund Company Profile

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.