BMO Capital Markets Raises Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$12.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price hoisted by BMO Capital Markets from C$11.00 to C$12.00 in a research report report published on Tuesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Desjardins lifted their target price on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the company a buy rating in a report on Friday, August 16th. CIBC raised their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. National Bankshares raised their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an outperform rating in a research report on Friday, August 16th. Finally, Scotiabank raised their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of C$12.71.

Chemtrade Logistics Income Fund Stock Performance

Chemtrade Logistics Income Fund has a 1-year low of C$7.60 and a 1-year high of C$11.06. 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 of C$9.84 and a 200 day moving average of C$9.20. The firm has a market cap of C$1.27 billion, a P/E ratio of 9.93 and a beta of 1.49.

Chemtrade Logistics Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were paid a $0.055 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a yield of ∞. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 60.00%.

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.