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

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective increased by analysts at Desjardins from C$13.00 to C$13.25 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 31.45% from the company’s current price.

CHE.UN has been the topic of a number of other research reports. Royal Bank of Canada raised 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 report on Friday, May 17th. 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 report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$12.55.

Chemtrade Logistics Income Fund Trading Up 3.8 %

TSE CHE.UN traded up C$0.37 during trading hours on Friday, hitting C$10.08. 535,836 shares of the company’s stock were exchanged, compared to its average volume of 266,422. The stock has a 50-day simple moving average of C$9.31 and a 200 day simple moving average of C$8.86. Chemtrade Logistics Income Fund has a 1-year low of C$7.60 and a 1-year high of C$10.10. The firm has a market cap of C$1.18 billion, a price-to-earnings ratio of 6.95 and a beta of 1.49. The company has a current ratio of 0.42, a quick ratio of 0.48 and a debt-to-equity ratio of 128.22.

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.