Chemtrade Logistics Income Fund (TSE:CHE.UN) Reaches New 12-Month High – Still a Buy?

Chemtrade Logistics Income Fund (TSE:CHE.UN) shares hit a new 52-week high on Friday . The stock traded as high as C$11.43 and last traded at C$11.33, with a volume of 104409 shares. The stock had previously closed at C$11.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CHE.UN shares. National Bankshares increased their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Scotiabank lifted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. Desjardins upped their price target on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. CIBC increased their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Finally, BMO Capital Markets boosted their price objective on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund presently has a consensus rating of “Moderate Buy” and an average price target of C$12.83.

Chemtrade Logistics Income Fund Stock Up 4.1 %

The stock has a market cap of C$1.35 billion, a PE ratio of 10.49 and a beta of 1.50. 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 firm has a fifty day moving average of C$10.80 and a 200 day moving average of C$9.81.

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.