Brokerages Set Chemtrade Logistics Income Fund (TSE:CHE.UN) Target Price at C$18.21

Chemtrade Logistics Income Fund (TSE:CHE.UN) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$18.21.

A number of brokerages have recently commented on CHE.UN. National Bank Financial lifted their price objective 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. Royal Bank Of Canada upped their price objective on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research note on Thursday, November 13th. Canadian Imperial Bank of Commerce increased their price objective on shares of Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a report on Friday, November 14th. BMO Capital Markets lowered their target price on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating for the company in a report on Friday, January 9th. Finally, Raymond James Financial raised shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from C$16.00 to C$21.00 in a research report on Thursday, November 13th.

Chemtrade Logistics Income Fund Stock Up 0.5%

Shares of TSE CHE.UN opened at C$15.30 on Friday. The firm has a market cap of C$1.77 billion, a P/E ratio of 15.94 and a beta of 1.12. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. Chemtrade Logistics Income Fund has a 1 year low of C$8.50 and a 1 year high of C$16.46. The firm’s 50 day moving average price is C$15.46 and its 200 day moving average price is C$14.24.

About Chemtrade Logistics Income Fund

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.