Chemtrade Logistics Income Fund (TSE:CHE.UN – Free Report) 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.
Read Our Latest Research Report on CHE.UN
Chemtrade Logistics Income Fund Stock Performance
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.
Featured Stories
- Five stocks we like better than Chemtrade Logistics Income Fund
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- What Are Dividend Champions? How to Invest in the Champions
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- Manufacturing Stocks Investing
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for Chemtrade Logistics Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemtrade Logistics Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.