Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$12.71.

A number of research firms have weighed in on CHE.UN. Desjardins increased their target price on Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets lifted their price objective on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. National Bankshares lifted their price target on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. CIBC upped their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, Scotiabank upped their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th.

Chemtrade Logistics Income Fund Price Performance

The company has a market cap of C$1.27 billion, a P/E ratio of 9.93 and a beta of 1.49. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The business has a fifty day simple moving average of C$9.84 and a 200-day simple moving average of C$9.20. Chemtrade Logistics Income Fund has a fifty-two week low of C$7.60 and a fifty-two week high of C$11.06.

Chemtrade Logistics Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of ∞. Chemtrade Logistics Income Fund’s dividend payout ratio is currently 60.00%.

Chemtrade Logistics Income Fund Company Profile

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.