Raymond James Issues Positive Forecast for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target lifted by Raymond James from C$13.00 to C$14.00 in a report released on Monday morning,BayStreet.CA reports.

CHE.UN has been the subject of several other reports. CIBC lifted their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. 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 research note on Friday, August 16th. Scotiabank lifted 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. Desjardins raised their price objective 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. Finally, BMO Capital Markets upped their target price on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.14.

Chemtrade Logistics Income Fund Trading Up 0.5 %

Shares of TSE:CHE.UN opened at C$11.60 on Monday. Chemtrade Logistics Income Fund has a 52-week low of C$7.77 and a 52-week high of C$11.69. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The company has a market capitalization of C$1.35 billion, a P/E ratio of 10.55 and a beta of 1.50. The company has a 50-day simple moving average of C$10.83 and a 200 day simple moving average of C$9.84.

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.