Chemtrade Logistics Income Fund (CHE.UN) Receives Average Recommendation of “Buy” from Brokerages
Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned an average recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$21.08.
A number of research analysts have recently commented on CHE.UN shares. Scotiabank lowered their target price on Chemtrade Logistics Income Fund from C$20.50 to C$20.00 and set an “outperform” rating for the company in a research note on Monday, July 10th. National Bank Financial upgraded Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$19.50 to C$20.50 in a research note on Monday, August 14th. Finally, TD Securities raised their target price on Chemtrade Logistics Income Fund from C$22.00 to C$23.00 in a research note on Monday, August 14th.
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About Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund (Chemtrade) provides industrial chemicals and services. Chemtrade operates in four business segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), International (Intl) and Corporate (Corp). Its SPPC segment markets, removes and produces merchant, regenerated sulfuric acid, liquid sulfur dioxide, sodium hydrosulfite, elemental sulfur, hydrogen sulfide, and sodium bisulfite and other processing services.
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