Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$20.00 at BMO Capital Markets

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective upped by BMO Capital Markets from C$15.00 to C$20.00 in a research report released on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada upped their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research report on Thursday. Scotiabank upgraded Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$13.50 to C$15.00 in a research note on Friday, August 15th. Desjardins upped their price target on Chemtrade Logistics Income Fund from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Monday, August 18th. Finally, Raymond James Financial raised Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from C$16.00 to C$21.00 in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Chemtrade Logistics Income Fund presently has an average rating of “Buy” and an average price target of C$17.07.

Chemtrade Logistics Income Fund Trading Up 0.2%

Shares of TSE CHE.UN opened at C$15.21 on Thursday. The firm’s 50 day moving average price is C$13.40 and its 200-day moving average price is C$11.99. Chemtrade Logistics Income Fund has a 52-week low of C$8.50 and a 52-week high of C$15.57. 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 company has a market cap of C$1.76 billion, a PE ratio of 15.84 and a beta of 1.31.

Chemtrade Logistics Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were issued a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, September 29th. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 71.09%.

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.