Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price hoisted by stock analysts at CIBC to C$10.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage presently has a “na” rating on the stock. CIBC’s price target points to a potential upside of 25.31% from the stock’s previous close.
A number of other research analysts also recently commented on CHE.UN. Raymond James upped their price objective on shares of Chemtrade Logistics Income Fund from C$11.50 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, October 1st. Scotiabank decreased their target price on Chemtrade Logistics Income Fund from C$7.00 to C$6.25 in a report on Friday, August 13th. National Bankshares decreased their target price on Chemtrade Logistics Income Fund from C$10.50 to C$9.50 and set an “outperform” rating for the company in a report on Monday, August 16th. National Bank Financial decreased their target price on Chemtrade Logistics Income Fund from C$10.50 to C$9.50 and set an “outperform” rating for the company in a report on Monday, August 16th. Finally, BMO Capital Markets decreased their target price on Chemtrade Logistics Income Fund from C$7.50 to C$7.00 in a report on Friday, August 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$8.53.
Shares of TSE CHE.UN traded up C$0.09 on Thursday, reaching C$7.98. 508,604 shares of the company traded hands, compared to its average volume of 464,053. Chemtrade Logistics Income Fund has a fifty-two week low of C$4.07 and a fifty-two week high of C$8.70. The company has a 50 day moving average of C$6.95 and a 200 day moving average of C$7.08. The company has a current ratio of 1.62, a quick ratio of 0.48 and a debt-to-equity ratio of 251.60. The stock has a market capitalization of C$826.61 million and a PE ratio of -7.04.
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.
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