Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective hoisted by analysts at BMO Capital Markets from C$12.00 to C$15.00 in a research report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 31.00% from the company’s previous close.

A number of other research firms have also weighed in on CHE.UN. Desjardins raised 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 lifted their target price on shares of Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a research report on Monday. Scotiabank upped their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. Raymond James lifted their price target on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday. 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 Stock Down 0.4 %

CHE.UN stock opened at C$11.45 on Tuesday. The firm has a market capitalization of C$1.34 billion, a PE ratio of 10.41 and a beta of 1.50. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. Chemtrade Logistics Income Fund has a twelve month low of C$7.77 and a twelve month high of C$11.69. The stock’s 50 day moving average is C$10.89 and its 200-day moving average is C$9.87.

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.