Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$16.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective increased by Desjardins from C$15.50 to C$16.00 in a research note published on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other research firms have also recently issued reports on CHE.UN. Raymond James Financial boosted their target price on shares of Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a research note on Monday. CIBC boosted their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. National Bankshares boosted their target price on shares of Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Finally, Scotiabank upgraded shares of Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$13.50 to C$15.00 in a research note on Friday, August 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$15.25.

Chemtrade Logistics Income Fund Stock Performance

CHE.UN opened at C$12.90 on Monday. 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 fifty day moving average price of C$11.28 and a 200 day moving average price of C$10.44. Chemtrade Logistics Income Fund has a 1 year low of C$8.50 and a 1 year high of C$13.05. The stock has a market cap of C$1.50 billion, a P/E ratio of 11.73 and a beta of 1.50.

Chemtrade Logistics Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be issued a $0.0575 dividend. The ex-dividend date is Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.3%. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 60.00%.

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.