Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$14.00 at Desjardins

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price increased by analysts at Desjardins from C$13.25 to C$14.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 24.11% from the company’s previous close.

Other analysts have also recently issued research reports about the company. BMO Capital Markets upped their price objective on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. National Bankshares upped their price target on shares of 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. CIBC increased their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Finally, Scotiabank boosted their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund has an average rating of “Moderate Buy” and an average price target of C$12.83.

Chemtrade Logistics Income Fund Stock Performance

TSE CHE.UN traded up C$0.28 during trading hours on Thursday, hitting C$11.28. The company’s stock had a trading volume of 168,007 shares, compared to its average volume of 265,016. Chemtrade Logistics Income Fund has a 12 month low of C$7.77 and a 12 month high of C$11.32. The company’s 50 day simple moving average is C$10.27 and its two-hundred day simple moving average is C$9.45. 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 company has a market cap of C$1.32 billion, a P/E ratio of 10.27 and a beta of 1.50.

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.