Chemtrade Logistics Income Fund (TSE:CHE.UN) has been given a C$20.75 target price by equities researchers at Scotiabank in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 24.77% from the company’s current price.
Several other research analysts have also commented on the stock. CIBC lifted their price objective on shares of Chemtrade Logistics Income Fund from C$23.00 to C$24.00 in a research note on Wednesday, January 10th. Desjardins dropped their price objective on shares of Chemtrade Logistics Income Fund from C$23.00 to C$21.50 in a research note on Monday, January 15th. Raymond James Financial lowered shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$21.00 to C$20.00 in a research note on Monday, January 15th. TD Securities dropped their price objective on shares of Chemtrade Logistics Income Fund from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, January 15th. Finally, BMO Capital Markets set a C$21.00 price objective on shares of Chemtrade Logistics Income Fund and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$21.22.
Shares of Chemtrade Logistics Income Fund (CHE.UN) traded up C$0.53 on Wednesday, reaching C$16.63. 287,749 shares of the company traded hands, compared to its average volume of 188,481. Chemtrade Logistics Income Fund has a 12 month low of C$15.86 and a 12 month high of C$20.02. The company has a market capitalization of $1,540.00, a PE ratio of 66.52 and a beta of 0.50.
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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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