National Bankshares Increases Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$14.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price boosted by National Bankshares from C$13.50 to C$14.00 in a research report report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on CHE.UN. Royal Bank of Canada boosted their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an outperform rating in a research report on Friday, May 17th. Desjardins boosted their price objective on shares of Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the company a buy rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$12.85.

Chemtrade Logistics Income Fund Stock Down 1.6 %

CHE.UN stock opened at C$9.87 on Friday. Chemtrade Logistics Income Fund has a 52 week low of C$7.60 and a 52 week high of C$10.11. The business has a 50-day simple moving average of C$9.35 and a 200 day simple moving average of C$8.88. The company has a quick ratio of 0.48, a current ratio of 0.42 and a debt-to-equity ratio of 128.22. The company has a market cap of C$1.16 billion, a PE ratio of 6.81 and a beta of 1.49.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.69%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 45.52%.

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.