Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) Upgraded by Royal Bank of Canada to “Outperform”


Share on StockTwits

Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a $9.00 target price on the stock. Royal Bank of Canada’s target price indicates a potential upside of 58.53% from the company’s previous close.

CGIFF has been the topic of a number of other reports. Scotiabank upped their target price on shares of Chemtrade Logistics Income Fund from $6.00 to $7.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 25th. National Bank Financial restated a “sector perform” rating on shares of Chemtrade Logistics Income Fund in a research note on Thursday, March 11th. CIBC upgraded shares of Chemtrade Logistics Income Fund from a “neutral” rating to an “outperform” rating in a research note on Monday, December 21st. BMO Capital Markets increased their price objective on shares of Chemtrade Logistics Income Fund from $7.00 to $7.50 and gave the company a “market perform” rating in a research note on Thursday, April 1st. Finally, Raymond James upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating in a research note on Friday, January 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Chemtrade Logistics Income Fund has a consensus rating of “Hold” and a consensus target price of $7.15.

Shares of CGIFF stock opened at $5.68 on Friday. The company’s 50-day simple moving average is $5.56 and its two-hundred day simple moving average is $4.59. Chemtrade Logistics Income Fund has a one year low of $2.89 and a one year high of $6.03.

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 and Performance chemicals (SPPC), Water Solutions and 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.

Recommended Story: Why investors pay attention to retained earnings

The Fly

Analyst Recommendations for Chemtrade Logistics Income Fund (OTCMKTS:CGIFF)

Receive News & Ratings for Chemtrade Logistics Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemtrade Logistics Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.