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

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price lifted by stock analysts at Raymond James from C$13.00 to C$14.00 in a research note issued to investors on Monday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 20.69% from the company’s previous close.

Several other research firms have also issued reports on CHE.UN. CIBC boosted their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Scotiabank boosted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. National Bankshares upped their price objective on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Desjardins boosted their target price on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, 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 report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$13.14.

Chemtrade Logistics Income Fund Trading Up 0.5 %

CHE.UN stock traded up C$0.06 during midday trading on Monday, reaching C$11.60. The stock had a trading volume of 460,663 shares, compared to its average volume of 264,074. The firm has a market cap of C$1.35 billion, a price-to-earnings ratio of 10.55 and a beta of 1.50. Chemtrade Logistics Income Fund has a twelve month low of C$7.77 and a twelve month high of C$11.69. The business has a fifty day simple moving average of C$10.80 and a two-hundred day simple moving average of C$9.82. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

About Chemtrade Logistics Income Fund

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.