Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$18.21 Average Target Price from Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$18.21.

A number of equities research analysts recently commented on the company. BMO Capital Markets lowered their price target on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating for the company in a research report on Friday, January 9th. National Bank Financial lifted their price objective on shares of Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, January 19th.

Read Our Latest Report on CHE.UN

Chemtrade Logistics Income Fund Stock Performance

Shares of Chemtrade Logistics Income Fund stock opened at C$16.16 on Wednesday. Chemtrade Logistics Income Fund has a 52 week low of C$8.50 and a 52 week high of C$16.46. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The business has a 50 day moving average price of C$15.65 and a 200-day moving average price of C$14.58. The company has a market cap of C$1.81 billion, a PE ratio of 13.25 and a beta of 0.80.

Chemtrade Logistics Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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

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