Scotia Issues Positive Forecast for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price boosted by equities research analysts at Scotia from C$17.00 to C$19.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotia’s price target would suggest a potential upside of 10.98% from the company’s current price.

CHE.UN has been the subject of several other reports. BMO Capital Markets upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price target for the company in a report on Thursday, April 23rd. National Bank Financial boosted their price target on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a report on Monday, April 13th. Royal Bank Of Canada boosted their price target on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$21.00 in a report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$19.25.

Chemtrade Logistics Income Fund Trading Up 2.1%

CHE.UN traded up C$0.36 during trading on Thursday, hitting C$17.12. The company’s stock had a trading volume of 231,114 shares, compared to its average volume of 398,508. The firm’s 50 day moving average price is C$16.01 and its 200-day moving average price is C$15.22. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The stock has a market cap of C$1.92 billion, a PE ratio of 14.03 and a beta of 0.65. Chemtrade Logistics Income Fund has a twelve month low of C$10.65 and a twelve month high of C$18.43.

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.