Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$18.21 Average PT from Analysts

Chemtrade Logistics Income Fund (TSE:CHE.UN) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$18.21.

A number of brokerages have issued reports on CHE.UN. National Bankshares boosted their target price on Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research report on Monday, January 19th. Raymond James Financial raised Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from C$16.00 to C$21.00 in a research note on Thursday, November 13th. CIBC raised their target price on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a report on Friday, November 14th. Scotiabank lowered shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$15.00 to C$17.00 in a research note on Friday, November 14th. Finally, Royal Bank Of Canada increased their price target on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research report on Thursday, November 13th.

Chemtrade Logistics Income Fund Price Performance

Shares of CHE.UN opened at C$15.95 on Tuesday. The firm has a 50-day simple moving average of C$14.89 and a two-hundred day simple moving average of C$13.61. The stock has a market cap of C$1.85 billion, a PE ratio of 16.61 and a beta of 1.12. Chemtrade Logistics Income Fund has a 1-year low of C$8.50 and a 1-year high of C$16.30. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

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. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.