Chemtrade Logistics Income Fund (TSE:CHE.UN) Given New C$15.00 Price Target at BMO Capital Markets

Posted by Alanna Baker on Nov 23rd, 2024

Chemtrade Logistics Income Fund (TSE:CHE.UN – Free Report) had its target price increased by BMO Capital Markets from C$12.00 to C$15.00 in a report released on Tuesday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Raymond James raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday, November 18th. CIBC raised their price objective on shares of Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a research note on Monday, November 18th. Scotiabank raised their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. Desjardins upped their price target on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, 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 report on Friday, August 16th.

Read Our Latest Report on CHE.UN

Chemtrade Logistics Income Fund Stock Up 0.5 %

Shares of TSE CHE.UN opened at C$11.50 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. Chemtrade Logistics Income Fund has a 52 week low of C$7.77 and a 52 week high of C$11.69. The firm has a 50-day moving average price of C$10.95 and a 200 day moving average price of C$9.89. The stock has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 10.45 and a beta of 1.50.

About Chemtrade Logistics Income Fund

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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.