National Bank Financial Raises Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$10.50

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Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price increased by investment analysts at National Bank Financial to C$10.50 in a report released on Tuesday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 25.00% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Scotiabank increased their price objective on shares of Chemtrade Logistics Income Fund from C$6.00 to C$7.50 in a research report on Thursday, February 25th. BMO Capital Markets lifted their target price on shares of Chemtrade Logistics Income Fund from C$7.00 to C$7.50 and gave the company a “strong-buy” rating in a research note on Thursday, April 1st. Royal Bank of Canada boosted their target price on shares of Chemtrade Logistics Income Fund from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, April 9th. Finally, Raymond James increased their price target on shares of Chemtrade Logistics Income Fund from C$9.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$8.88.

CHE.UN traded up C$0.19 on Tuesday, reaching C$8.40. The company had a trading volume of 977,783 shares, compared to its average volume of 456,585. Chemtrade Logistics Income Fund has a 1 year low of C$4.02 and a 1 year high of C$8.70. The stock has a market capitalization of C$878.00 million and a PE ratio of -4.67. The company has a quick ratio of 0.35, a current ratio of 1.43 and a debt-to-equity ratio of 232.16. The stock has a 50-day moving average price of C$7.05 and a 200-day moving average price of C$6.18.

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.

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