Chemtrade Logistics Income Fund (TSE:CHE.UN) Upgraded to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) from a market perform rating to an outperform rating in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets currently has C$18.50 price target on the stock.

Several other equities research analysts also recently weighed in on CHE.UN. National Bank Financial raised their price target on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a report on Monday, April 13th. Raymond James Financial downgraded Chemtrade Logistics Income Fund from a “strong-buy” rating to a “market perform” rating and lowered their price target for the stock from C$21.00 to C$15.00 in a report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$18.14.

Chemtrade Logistics Income Fund Price Performance

Shares of TSE CHE.UN opened at C$16.04 on Thursday. 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$1.80 billion, a PE ratio of 13.15 and a beta of 0.56. The business has a 50-day simple moving average of C$15.72 and a two-hundred day simple moving average of C$14.89. Chemtrade Logistics Income Fund has a fifty-two week low of C$9.35 and a fifty-two week high of C$17.96.

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.