Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$13.25 at Desjardins

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price increased by Desjardins from C$13.00 to C$13.25 in a research note published on Friday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on CHE.UN. National Bankshares raised their target price 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. Royal Bank of Canada raised 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 report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$12.55.

Chemtrade Logistics Income Fund Stock Up 3.3 %

Shares of TSE:CHE.UN opened at C$10.03 on Friday. The company’s fifty day moving average is C$9.33 and its two-hundred day moving average is C$8.87. The company has a debt-to-equity ratio of 128.22, a quick ratio of 0.48 and a current ratio of 0.42. Chemtrade Logistics Income Fund has a 1-year low of C$7.60 and a 1-year high of C$10.11. The stock has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 6.92 and a beta of 1.49.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 30th will be paid a $0.055 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.66 annualized dividend and a dividend yield of 6.58%. Chemtrade Logistics Income Fund’s payout ratio 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.