Chemtrade Logistics Income Fund (CHE.UN) Raised to Outperform at Raymond James Financial

Chemtrade Logistics Income Fund (TSE:CHE.UN) was upgraded by equities researchers at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm presently has a C$20.00 price target on the stock. Raymond James Financial’s target price would suggest a potential upside of 18.55% from the stock’s previous close.

CHE.UN has been the topic of a number of other research reports. Royal Bank of Canada lowered their target price on shares of Chemtrade Logistics Income Fund from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a report on Thursday. Scotiabank restated an “outperform” rating and issued a C$22.00 target price on shares of Chemtrade Logistics Income Fund in a report on Wednesday, November 15th. Desjardins decreased their price objective on shares of Chemtrade Logistics Income Fund from C$23.00 to C$21.50 in a research note on Monday, January 15th. CIBC increased their price objective on shares of Chemtrade Logistics Income Fund from C$23.00 to C$24.00 in a research note on Wednesday, January 10th. Finally, BMO Capital Markets set a C$21.00 price objective on shares of Chemtrade Logistics Income Fund and gave the company an “outperform” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Chemtrade Logistics Income Fund has a consensus rating of “Buy” and a consensus price target of C$20.97.

Chemtrade Logistics Income Fund (TSE:CHE.UN) traded up C$0.24 on Thursday, hitting C$16.87. 71,121 shares of the company were exchanged, compared to its average volume of 193,208. Chemtrade Logistics Income Fund has a 12 month low of C$15.86 and a 12 month high of C$20.02. The firm has a market cap of $1,560.00, a price-to-earnings ratio of 21.63 and a beta of 0.50.

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About Chemtrade Logistics Income Fund

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.

Analyst Recommendations for Chemtrade Logistics Income Fund (TSE:CHE.UN)

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