Scotiabank restated their outperform rating on shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) in a report released on Wednesday morning. Scotiabank currently has a C$22.00 price objective on the stock.
Several other equities research analysts also recently weighed in on CHE.UN. National Bank Financial raised Chemtrade Logistics Income Fund from a sector perform rating to an outperform rating and raised their price objective for the company from C$19.50 to C$20.50 in a report on Monday, August 14th. TD Securities raised their price objective on Chemtrade Logistics Income Fund from C$22.00 to C$23.00 in a report on Monday, August 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of C$21.42.
Shares of Chemtrade Logistics Income Fund (TSE CHE.UN) traded up C$0.22 during trading hours on Wednesday, hitting C$19.22. 274,035 shares of the company’s stock were exchanged, compared to its average volume of 154,364. Chemtrade Logistics Income Fund has a 1-year low of C$17.05 and a 1-year high of C$20.02.
Chemtrade Logistics Income Fund (Chemtrade) provides industrial chemicals and services. Chemtrade operates in four business segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), International (Intl) and Corporate (Corp). Its SPPC segment markets, removes and produces merchant, regenerated sulfuric acid, liquid sulfur dioxide, sodium hydrosulfite, elemental sulfur, hydrogen sulfide, and sodium bisulfite and other processing services.
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