Raymond James Forecasts Strong Price Appreciation for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target upped by Raymond James from C$13.00 to C$14.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Several other equities analysts have also commented on the stock. CIBC upped their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Scotiabank raised their price target on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. Desjardins boosted their price objective on 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. National Bankshares raised their target price on 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, 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 note on Tuesday, September 24th.

Chemtrade Logistics Income Fund Stock Performance

Shares of Chemtrade Logistics Income Fund stock opened at C$11.44 on Monday. The firm has a market cap of C$1.33 billion, a PE ratio of 10.40 and a beta of 1.50. Chemtrade Logistics Income Fund has a 52 week low of C$7.77 and a 52 week high of C$11.69. The business’s fifty day simple moving average is C$10.92 and its 200-day simple moving average is C$9.88. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

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.