Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

Chemtrade Logistics Income Fund (TSE:CHE.UN) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$12.83.

Several brokerages have recently commented on CHE.UN. Scotiabank increased their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. CIBC raised their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Desjardins raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. BMO Capital Markets boosted their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Finally, National Bankshares upped their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, August 16th.

Chemtrade Logistics Income Fund Trading Up 4.1 %

CHE.UN opened at C$11.54 on Wednesday. Chemtrade Logistics Income Fund has a 12-month low of C$7.77 and a 12-month high of C$11.58. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The stock has a market capitalization of C$1.35 billion, a PE ratio of 10.49 and a beta of 1.50. The firm’s fifty day moving average price is C$10.80 and its 200 day moving average price is C$9.82.

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.