Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Cut to C$13.00 by Analysts at CIBC

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective decreased by CIBC from C$15.00 to C$13.00 in a research report released on Tuesday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on CHE.UN. National Bankshares raised their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, August 16th. BMO Capital Markets raised their target price on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a report on Tuesday, November 19th. Scotiabank raised 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 target price on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Raymond James raised their target price on shares of Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday, November 18th.

Chemtrade Logistics Income Fund Trading Down 3.7 %

TSE CHE.UN opened at C$11.39 on Tuesday. The firm has a 50 day simple moving average of C$11.27 and a 200-day simple moving average of C$10.15. 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 one year low of C$7.77 and a one year high of C$12.05. The firm has a market cap of C$1.33 billion, a price-to-earnings ratio of 10.35 and a beta of 1.50.

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.