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

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$12.83.

A number of brokerages have recently commented on CHE.UN. CIBC increased their price objective on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Scotiabank upped their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. National Bankshares lifted their price target 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. BMO Capital Markets upped their price objective 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 note on Tuesday, September 24th. Finally, Desjardins lifted their target price on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th.

Read Our Latest Stock Report on Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN opened at C$11.02 on Wednesday. Chemtrade Logistics Income Fund has a 12-month low of C$7.77 and a 12-month high of C$11.32. The stock has a market capitalization of C$1.29 billion, a P/E ratio of 10.02 and a beta of 1.50. The firm’s 50 day moving average is C$10.72 and its 200-day moving average is C$9.76. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

Chemtrade Logistics Income Fund Company Profile

(Get Free Report

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.

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Analyst Recommendations for Chemtrade Logistics Income Fund (TSE:CHE.UN)

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