Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Increased to C$14.00 by Analysts at Desjardins

Chemtrade Logistics Income Fund (TSE:CHE.UN - Free Report) had its price target hoisted by Desjardins from C$13.25 to C$14.00 in a research report report published on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on CHE.UN. 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 note on Friday, August 16th. BMO Capital Markets upped their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 24th. CIBC upped their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Finally, Scotiabank upped their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$12.83.

Chemtrade Logistics Income Fund Trading Up 1.6 %

TSE:CHE.UN traded up C$0.18 on Thursday, hitting C$11.18. The stock had a trading volume of 281,739 shares, compared to its average volume of 265,607. The company has a fifty day moving average price of C$10.31 and a two-hundred day moving average price of C$9.47. The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of 10.16 and a beta of 1.50. 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 quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

Chemtrade Logistics Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 5.90%. The ex-dividend date was Wednesday, July 31st. Chemtrade Logistics Income Fund's payout ratio is 60.00%.

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.