Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$18.07.

CHE.UN has been the topic of a number of research reports. Scotiabank downgraded Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$15.00 to C$17.00 in a report on Friday, November 14th. CIBC upped their price objective on shares of Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research note on Friday, November 14th. Royal Bank Of Canada increased their target price on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research report on Thursday, November 13th. BMO Capital Markets decreased their target price on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating for the company in a research note on Friday. Finally, Raymond James Financial upgraded Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from C$16.00 to C$21.00 in a report on Thursday, November 13th.

Chemtrade Logistics Income Fund Stock Performance

TSE:CHE.UN traded down C$0.44 during midday trading on Friday, reaching C$15.19. 794,148 shares of the company traded hands, compared to its average volume of 350,898. 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 firm has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 15.82 and a beta of 1.18. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. Chemtrade Logistics Income Fund has a twelve month low of C$8.50 and a twelve month high of C$15.88.

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.