CIBC Cuts Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$13.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target cut by analysts at CIBC from C$15.00 to C$13.00 in a report released on Tuesday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 14.34% from the stock’s previous close.

Several other research analysts have also recently issued reports on CHE.UN. Desjardins increased their price target on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Raymond James increased their target price on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research report on Monday, November 18th. BMO Capital Markets boosted their price target on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research report on Tuesday, November 19th. Scotiabank increased their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. Finally, National Bankshares boosted their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, August 16th.

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN stock opened at C$11.37 on Tuesday. Chemtrade Logistics Income Fund has a 12-month low of C$7.77 and a 12-month high of C$12.05. 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 market capitalization of C$1.33 billion, a price-to-earnings ratio of 10.34 and a beta of 1.50. The business has a 50 day simple moving average of C$11.28 and a 200 day simple moving average of C$10.16.

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.