Desjardins Increases Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$12.50

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price upped by stock analysts at Desjardins from C$12.00 to C$12.50 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 41.24% from the stock’s previous close.

Separately, CIBC dropped their target price on Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$11.80.

Chemtrade Logistics Income Fund Trading Up 3.4 %

TSE CHE.UN opened at C$8.85 on Thursday. The stock’s 50-day moving average is C$8.33 and its 200-day moving average is C$8.52. Chemtrade Logistics Income Fund has a one year low of C$7.01 and a one year high of C$9.23. The firm has a market cap of C$1.04 billion, a P/E ratio of 5.82 and a beta of 1.48. The company has a debt-to-equity ratio of 122.18, a current ratio of 0.80 and a quick ratio of 0.48.

Insiders Place Their Bets

In related news, Senior Officer Timothy Neil Montgomery purchased 5,942 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average price of C$5.93 per share, with a total value of C$35,236.06. Insiders own 0.18% of the company’s stock.

About Chemtrade Logistics Income Fund

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.