BMO Capital Markets Raises Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$12.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective lifted by BMO Capital Markets from C$11.00 to C$12.00 in a research note released on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the company. National Bankshares upped their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an outperform rating in a research report on Friday, August 16th. Scotiabank upped their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. Desjardins upped their target price on Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the company a buy rating in a research report on Friday, August 16th. Finally, CIBC increased their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$12.71.

Chemtrade Logistics Income Fund Stock Performance

The business’s 50-day simple moving average is C$9.84 and its two-hundred day simple moving average is C$9.20. The firm has a market capitalization of C$1.27 billion, a P/E ratio of 9.93 and a beta of 1.49. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. Chemtrade Logistics Income Fund has a 12-month low of C$7.60 and a 12-month high of C$11.06.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were paid a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Wednesday, July 31st. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 60.00%.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.