Brokerages Set Chemtrade Logistics Income Fund (TSE:CHE.UN) PT at C$12.83

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$12.83.

A number of brokerages have weighed in on CHE.UN. National Bankshares increased their price target 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. Scotiabank raised their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. Desjardins raised their target price on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. CIBC raised their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Finally, BMO Capital Markets raised 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.

Chemtrade Logistics Income Fund Price Performance

TSE:CHE.UN traded down C$0.02 during trading hours on Wednesday, reaching C$11.00. 127,368 shares of the company were exchanged, compared to its average volume of 260,440. The business has a 50 day moving average of C$10.74 and a 200 day moving average of C$9.77. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. Chemtrade Logistics Income Fund has a 1-year low of C$7.77 and a 1-year high of C$11.32. The company has a market capitalization of C$1.28 billion, a P/E ratio of 10.00 and a beta of 1.50.

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.