Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$18.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price boosted by National Bankshares from C$17.50 to C$18.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 19.60% from the company’s previous close.

Several other equities research analysts have also commented on CHE.UN. CIBC boosted their price objective on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research note on Friday, November 14th. Scotiabank lowered Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$15.00 to C$17.00 in a research note on Friday, November 14th. Royal Bank Of Canada increased their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research note on Thursday, November 13th. BMO Capital Markets decreased their price objective on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock 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 target price for the stock from C$16.00 to C$21.00 in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.21.

Chemtrade Logistics Income Fund Price Performance

Shares of CHE.UN stock traded up C$0.11 on Monday, reaching C$15.05. 138,576 shares of the company were exchanged, compared to its average volume of 336,470. Chemtrade Logistics Income Fund has a 1 year low of C$8.50 and a 1 year high of C$15.88. 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 business has a 50-day moving average price of C$14.48 and a 200 day moving average price of C$13.21. The company has a market cap of C$1.74 billion, a price-to-earnings ratio of 15.68 and a beta of 1.18.

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.