Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Cut to C$18.50 by Analysts at BMO Capital Markets

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price lowered by stock analysts at BMO Capital Markets from C$20.00 to C$18.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 23.33% from the stock’s previous close.

Several other equities analysts have also weighed in on CHE.UN. Scotiabank lowered shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$15.00 to C$17.00 in a report on Friday, November 14th. Royal Bank Of Canada raised their price target on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a report on Thursday, November 13th. Raymond James Financial upgraded Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from C$16.00 to C$21.00 in a report on Thursday, November 13th. Finally, CIBC increased their price objective on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chemtrade Logistics Income Fund currently has a consensus rating of “Moderate Buy” and an average target price of C$18.07.

Chemtrade Logistics Income Fund Trading Down 4.0%

Shares of TSE CHE.UN traded down C$0.63 during trading on Friday, hitting C$15.00. 613,889 shares of the company were exchanged, compared to its average volume of 330,026. The company has a fifty day moving average price of C$14.31 and a 200-day moving average price of C$13.02. 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 firm has a market capitalization of C$1.74 billion, a PE ratio of 15.63 and a beta of 1.18. Chemtrade Logistics Income Fund has a 12-month low of C$8.50 and a 12-month high of C$15.88.

Chemtrade Logistics Income Fund Company Profile

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.