Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$12.71.

Several research firms have commented on CHE.UN. CIBC lifted their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Desjardins increased their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets upped their price target 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. National Bankshares raised their price target on 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. Finally, Scotiabank raised their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th.

Chemtrade Logistics Income Fund Price Performance

The company has a 50 day moving average of C$9.84 and a 200 day moving average of C$9.20. Chemtrade Logistics Income Fund has a one year low of C$7.60 and a one year high of C$11.06. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The stock has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 9.93 and a beta of 1.49.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were given a $0.055 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.66 annualized dividend and a dividend yield of ∞. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 60.00%.

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.