Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) have received an average recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$12.71.

CHE.UN has been the subject of a number of recent analyst reports. Scotiabank boosted their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. National Bankshares lifted 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. Desjardins lifted their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the company a "buy" rating in a research report on Friday, August 16th. BMO Capital Markets lifted 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. Finally, CIBC lifted 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.

Chemtrade Logistics Income Fund Trading Up 1.8 %

Chemtrade Logistics Income Fund stock traded up C$0.19 during trading on Tuesday, reaching C$10.69. The company had a trading volume of 427,824 shares, compared to its average volume of 268,662. Chemtrade Logistics Income Fund has a 12-month low of C$7.60 and a 12-month high of C$10.78. The stock's 50 day moving average price is C$9.79 and its two-hundred day moving average price is C$9.18. The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 9.72 and a beta of 1.49. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were paid a dividend of $0.055 per share. The ex-dividend date was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a yield of 6.17%. Chemtrade Logistics Income Fund's dividend payout ratio (DPR) 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.