Royal Bank Of Canada Forecasts Strong Price Appreciation for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price lifted by equities research analysts at Royal Bank Of Canada from C$14.00 to C$18.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price target indicates a potential upside of 17.88% from the company’s current price.

Several other analysts have also recently weighed in on CHE.UN. Desjardins boosted their price objective on shares of Chemtrade Logistics Income Fund from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Scotiabank upgraded shares of Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$13.50 to C$15.00 in a report on Friday, August 15th. Finally, Raymond James Financial upped their price objective on shares of Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$17.07.

Chemtrade Logistics Income Fund Price Performance

Shares of CHE.UN stock traded up C$0.09 during trading hours on Thursday, reaching C$15.27. The company’s stock had a trading volume of 280,263 shares, compared to its average volume of 263,704. Chemtrade Logistics Income Fund has a fifty-two week low of C$8.50 and a fifty-two week high of C$15.57. 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$13.35 and its 200-day simple moving average is C$11.97. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of 14.27 and a beta of 1.31.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate.