Chemtrade Logistics Income Fund (CHE.UN) Given Consensus Recommendation of “Buy” by Analysts
Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$21.42.
Several equities analysts have recently issued reports on the company. Scotiabank reduced their target price on Chemtrade Logistics Income Fund from C$20.50 to C$20.00 and set an “outperform” rating on the stock in a research note on Monday, July 10th. National Bank Financial upgraded shares of Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$19.50 to C$20.50 in a report on Monday, August 14th. Finally, TD Securities lifted their price target on shares of Chemtrade Logistics Income Fund from C$22.00 to C$23.00 in a report on Monday, August 14th.
Chemtrade Logistics Income Fund Company Profile
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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