Chemtrade Logistics Income Fund (TSE:CHE.UN) was upgraded by National Bankshares from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a C$10.50 price objective on the stock, up from their prior price objective of C$7.00. National Bankshares’ price objective would indicate a potential upside of 25.00% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. National Bank Financial upped their price objective on Chemtrade Logistics Income Fund to C$10.50 and gave the stock an “outperform” rating in a research note on Tuesday. Scotiabank upped their price objective on Chemtrade Logistics Income Fund from C$6.00 to C$7.50 in a report on Thursday, February 25th. Royal Bank of Canada increased their target price on Chemtrade Logistics Income Fund from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, April 9th. Raymond James upped their price objective on Chemtrade Logistics Income Fund from C$9.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, BMO Capital Markets increased their target price on Chemtrade Logistics Income Fund from C$7.00 to C$7.50 and gave the company a “strong-buy” rating in a research report on Thursday, April 1st. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$8.88.
Shares of Chemtrade Logistics Income Fund stock traded up C$0.19 during trading on Tuesday, reaching C$8.40. The company’s stock had a trading volume of 977,783 shares, compared to its average volume of 456,585. The stock has a 50-day moving average price of C$7.05 and a two-hundred day moving average price of C$6.18. The company has a current ratio of 1.43, a quick ratio of 0.35 and a debt-to-equity ratio of 232.16. The stock has a market capitalization of C$878.00 million and a P/E ratio of -4.67. Chemtrade Logistics Income Fund has a one year low of C$4.02 and a one year high of C$8.70.
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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