Raymond James Financial Forecasts Strong Price Appreciation for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective upped by Raymond James Financial from C$15.00 to C$16.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on CHE.UN. Scotiabank upgraded Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$13.50 to C$15.00 in a research note on Friday, August 15th. CIBC lifted their price target on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. National Bankshares boosted their price target on shares of Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Finally, Desjardins boosted their price target on shares of Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$15.25.

Chemtrade Logistics Income Fund Price Performance

CHE.UN stock opened at C$12.90 on Monday. The company has a market capitalization of C$1.50 billion, a P/E ratio of 11.73 and a beta of 1.50. 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 52-week low of C$8.50 and a 52-week high of C$13.05. The business has a 50-day simple moving average of C$11.28 and a two-hundred day simple moving average of C$10.44.

Chemtrade Logistics Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.0575 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Thursday, July 31st. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 60.00%.

About Chemtrade Logistics Income Fund

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.