Desjardins Increases Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$12.50

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price hoisted by research analysts at Desjardins from C$12.00 to C$12.50 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 46.03% from the stock’s previous close.

Separately, CIBC reduced their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund has a consensus rating of “Moderate Buy” and a consensus price target of C$11.80.

Chemtrade Logistics Income Fund Stock Up 0.9 %

CHE.UN stock traded up C$0.08 during midday trading on Thursday, hitting C$8.56. The stock had a trading volume of 82,310 shares, compared to its average volume of 289,122. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of 5.64 and a beta of 1.48. The business has a 50-day moving average of C$8.34 and a two-hundred day moving average of C$8.52. Chemtrade Logistics Income Fund has a 52-week low of C$7.01 and a 52-week high of C$9.23. The company has a debt-to-equity ratio of 122.18, a current ratio of 0.80 and a quick ratio of 0.48.

Insider Activity at Chemtrade Logistics Income Fund

In other Chemtrade Logistics Income Fund news, Senior Officer Timothy Neil Montgomery bought 5,942 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of C$5.93 per share, with a total value of C$35,236.06. 0.18% of the stock is owned by corporate insiders.

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.