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

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective trimmed by BMO Capital Markets from C$20.00 to C$18.50 in a research note published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

Chemtrade Logistics Income Fund Price Performance

Shares of CHE.UN opened at C$15.18 on Friday. The stock has a market cap of C$1.76 billion, a P/E ratio of 15.81 and a beta of 1.18. Chemtrade Logistics Income Fund has a 1 year low of C$8.50 and a 1 year high of C$15.88. The stock’s 50-day moving average price is C$14.35 and its two-hundred day moving average price is C$13.05. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02.

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.