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

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective increased by Desjardins from C$13.25 to C$14.00 in a research note published on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

CHE.UN has been the topic of several other research reports. National Bankshares increased their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, August 16th. CIBC increased their price objective on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. BMO Capital Markets raised their target price 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. Finally, Scotiabank upped their price target on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$12.83.

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN opened at C$11.18 on Thursday. Chemtrade Logistics Income Fund has a 1 year low of C$7.77 and a 1 year high of C$11.32. The stock has a market capitalization of C$1.30 billion, a PE ratio of 10.16 and a beta of 1.50. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The stock has a 50-day simple moving average of C$10.31 and a 200-day simple moving average of C$9.47.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were issued a $0.055 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend was Wednesday, July 31st. Chemtrade Logistics Income Fund’s payout ratio is currently 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.