CIBC Issues Positive Forecast for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price raised by CIBC from C$14.00 to C$15.00 in a report published on Monday morning,BayStreet.CA reports.

CHE.UN has been the topic of a number of other reports. BMO Capital Markets upped their target price on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Desjardins raised their target price on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Scotiabank boosted their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. Raymond James increased their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday. Finally, National Bankshares lifted their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.14.

Chemtrade Logistics Income Fund Trading Up 0.5 %

Chemtrade Logistics Income Fund stock opened at C$11.60 on Monday. 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 fifty-two week low of C$7.77 and a fifty-two week high of C$11.69. The stock has a market cap of C$1.35 billion, a P/E ratio of 10.55 and a beta of 1.50. The firm’s fifty day moving average price is C$10.83 and its 200-day moving average price is C$9.84.

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.