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

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$12.83.

Several brokerages have recently commented on CHE.UN. 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. National Bankshares raised their target price 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. BMO Capital Markets raised their target price on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an "outperform" rating in a research note on Tuesday, September 24th. 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. Finally, 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.

Chemtrade Logistics Income Fund Trading Down 0.4 %

Chemtrade Logistics Income Fund stock traded down C$0.04 during trading hours on Friday, reaching C$11.14. 122,371 shares of the company's stock were exchanged, compared to its average volume of 264,898. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The firm's 50 day simple moving average is C$10.35 and its 200 day simple moving average is C$9.49. Chemtrade Logistics Income Fund has a twelve month low of C$7.77 and a twelve month high of C$11.32. The firm has a market capitalization of C$1.30 billion, a PE ratio of 10.13 and a beta of 1.50.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a $0.055 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.92%. Chemtrade Logistics Income Fund's dividend payout ratio (DPR) is presently 60.00%.

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.