Chemtrade Logistics Income Fund (TSE:CHE.UN) PT Raised to C$12.00 at BMO Capital Markets

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target upped by analysts at BMO Capital Markets from C$11.00 to C$12.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 11.94% from the stock’s current price.

Several other equities research analysts have also recently commented on CHE.UN. CIBC boosted their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research note on Friday, August 16th. Desjardins upped their price objective on Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. National Bankshares upped their price objective 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, Scotiabank upped their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Chemtrade Logistics Income Fund currently has an average rating of “Moderate Buy” and an average target price of C$12.71.

Chemtrade Logistics Income Fund Trading Up 0.3 %

TSE CHE.UN opened at C$10.72 on Tuesday. The stock has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 9.75 and a beta of 1.49. The stock’s 50 day moving average price is C$9.81 and its two-hundred day moving average price is C$9.19. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. Chemtrade Logistics Income Fund has a 52 week low of C$7.60 and a 52 week high of C$10.82.

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.