Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$12.83 Consensus Price Target from Brokerages

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$12.83.

CHE.UN has been the topic of several research reports. Scotiabank boosted 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. Desjardins boosted their price target 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 report on Thursday, October 17th. CIBC boosted 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. BMO Capital Markets boosted their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Finally, National Bankshares boosted 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.

Chemtrade Logistics Income Fund Stock Performance

TSE CHE.UN opened at C$11.54 on Wednesday. The company’s 50 day moving average is C$10.80 and its 200-day moving average is C$9.80. Chemtrade Logistics Income Fund has a 12-month low of C$7.77 and a 12-month high of C$11.58. 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 cap of C$1.35 billion, a P/E ratio of 10.49 and a beta of 1.50.

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.