Chemtrade Logistics Income Fund (TSE:CHE.UN) Reaches New 12-Month High – What’s Next?

Posted by Renee Jackson on Dec 4th, 2024

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$12.03 and last traded at C$11.92, with a volume of 20795 shares traded. The stock had previously closed at C$11.97.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James increased their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a research note on Monday, November 18th. CIBC upped 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. BMO Capital Markets boosted their target price on Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th. National Bankshares raised 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. Finally, Desjardins increased their price objective on 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.

Get Our Latest Research Report on CHE.UN

Chemtrade Logistics Income Fund Stock Down 0.1 %

The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The firm has a 50 day simple moving average of C$11.16 and a two-hundred day simple moving average of C$10.05. The company has a market capitalization of C$1.40 billion, a PE ratio of 10.88 and a beta of 1.50.

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.