Chemtrade Logistics Income Fund (CHE.UN) Given Average Rating of “Buy” by Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$17.88.

A number of equities research analysts recently commented on CHE.UN shares. Royal Bank of Canada lowered their price objective on shares of Chemtrade Logistics Income Fund from C$18.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, November 12th. National Bank Financial lowered their price objective on shares of Chemtrade Logistics Income Fund from C$18.25 to C$17.25 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. CIBC lowered their price objective on shares of Chemtrade Logistics Income Fund from C$22.00 to C$20.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 12th. Desjardins raised shares of Chemtrade Logistics Income Fund from a “hold” rating to a “buy” rating and increased their price objective for the company from C$17.00 to C$18.00 in a research note on Tuesday, September 4th. Finally, TD Securities lowered their price objective on shares of Chemtrade Logistics Income Fund from C$22.00 to C$18.00 and set a “buy” rating on the stock in a research note on Friday, August 10th.

Shares of TSE:CHE.UN traded down C$0.23 on Monday, reaching C$10.95. 228,905 shares of the company were exchanged, compared to its average volume of 157,642. Chemtrade Logistics Income Fund has a 1-year low of C$15.86 and a 1-year high of C$20.02.

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.

See Also: Institutional Investors

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

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