Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$12.83.

CHE.UN has been the topic of a number of recent analyst reports. Scotiabank upped their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. BMO Capital Markets raised their price objective 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. Desjardins upped their target price on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. CIBC lifted their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Finally, National Bankshares upped 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.

Chemtrade Logistics Income Fund Trading Down 0.6 %

CHE.UN opened at C$11.02 on Wednesday. The firm’s 50 day moving average is C$10.72 and its 200-day moving average is C$9.76. Chemtrade Logistics Income Fund has a 52-week low of C$7.77 and a 52-week high of C$11.32. 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 market capitalization of C$1.29 billion, a P/E ratio of 10.02 and a beta of 1.50.

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.