Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target raised by equities researchers at TD Securities from C$12.00 to C$12.50 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 13.33% from the stock’s current price.
Separately, Raymond James set a C$12.50 price objective on shares of Chemtrade Logistics Income Fund and gave the stock a “market perform” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Chemtrade Logistics Income Fund presently has a consensus rating of “Hold” and an average price target of C$12.07.
Shares of CHE.UN stock traded up C$0.02 during trading on Friday, reaching C$11.03. The company’s stock had a trading volume of 714,933 shares, compared to its average volume of 157,642. The business has a fifty day moving average price of C$10.71 and a 200-day moving average price of C$9.99. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 182.00. The company has a market cap of $1.02 billion and a price-to-earnings ratio of -5.84. Chemtrade Logistics Income Fund has a one year low of C$8.01 and a one year high of C$12.72.
In other news, Senior Officer Michael John St. Pierre purchased 10,512 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average cost of C$10.60 per share, with a total value of C$111,411.43. Following the completion of the transaction, the insider now owns 40,543 shares of the company’s stock, valued at approximately C$429,694.99. Also, Senior Officer Leon Aarts purchased 6,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were purchased at an average cost of C$9.97 per share, for a total transaction of C$59,796.00. Following the completion of the transaction, the insider now directly owns 70,000 shares of the company’s stock, valued at approximately C$697,620. In the last three months, insiders bought 40,112 shares of company stock worth $414,273.
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.
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