Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$12.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target hoisted by BMO Capital Markets from C$11.00 to C$12.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 11.63% from the stock’s current price.

CHE.UN has been the topic of several other reports. Desjardins increased their target price on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a “buy” rating in a report on Friday, August 16th. CIBC raised their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. National Bankshares boosted 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 report on Friday, August 16th. Finally, Scotiabank raised their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Chemtrade Logistics Income Fund has an average rating of “Moderate Buy” and an average target price of C$12.71.

Chemtrade Logistics Income Fund Price Performance

CHE.UN stock traded up C$0.25 during trading on Tuesday, hitting C$10.75. 251,450 shares of the stock traded hands, compared to its average volume of 267,709. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The stock has a market cap of C$1.25 billion, a price-to-earnings ratio of 9.77 and a beta of 1.49. Chemtrade Logistics Income Fund has a one year low of C$7.60 and a one year high of C$10.77. The company has a 50 day simple moving average of C$9.77 and a 200 day simple moving average of C$9.16.

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.