Chemtrade Logistics Income Fund (CHE.UN) Stock Rating Reaffirmed by Raymond James

Raymond James reaffirmed their market perform rating on shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) in a research report report published on Friday, AnalystRatings.com reports. Raymond James currently has a C$12.50 price objective on the stock.

A number of other analysts also recently weighed in on the company. Desjardins decreased their price target on Chemtrade Logistics Income Fund from C$15.50 to C$14.00 in a report on Monday, January 28th. CIBC downgraded Chemtrade Logistics Income Fund from an outperform rating to a neutral rating and decreased their price target for the stock from C$20.00 to C$14.00 in a report on Thursday, January 10th. BMO Capital Markets decreased their price target on Chemtrade Logistics Income Fund from C$18.00 to C$13.50 in a report on Friday, February 15th. National Bank Financial downgraded Chemtrade Logistics Income Fund from an outperform rating to a sector perform rating and decreased their price target for the stock from C$16.50 to C$11.25 in a report on Friday, February 15th. Finally, TD Securities set a C$12.00 price target on Chemtrade Logistics Income Fund in a report on Friday, February 15th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$11.89.

Shares of TSE:CHE.UN opened at C$9.18 on Friday. The firm has a market cap of $850.03 million and a P/E ratio of 70.08. The company has a debt-to-equity ratio of 120.32, a current ratio of 1.06 and a quick ratio of 0.64. Chemtrade Logistics Income Fund has a 12-month low of C$15.86 and a 12-month high of C$20.02.



The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 13.07%. Chemtrade Logistics Income Fund’s payout ratio is currently 916.03%.

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.

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

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