Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) Upgraded at National Bank Financial


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Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.

CGIFF has been the topic of several other research reports. Scotiabank raised their price objective on Chemtrade Logistics Income Fund from $6.00 to $7.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 25th. Royal Bank of Canada raised Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and set a $9.00 target price on the stock in a research note on Thursday, April 15th. Desjardins lifted their target price on Chemtrade Logistics Income Fund from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday. Raymond James raised Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating in a research note on Friday, January 15th. Finally, BMO Capital Markets lifted their price objective on Chemtrade Logistics Income Fund from $7.00 to $7.50 and gave the stock a “market perform” rating in a research note on Thursday, April 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $7.96.

Shares of OTCMKTS CGIFF traded up $0.54 during trading on Tuesday, hitting $6.70. The company had a trading volume of 3,183 shares, compared to its average volume of 5,031. The stock has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $4.86. Chemtrade Logistics Income Fund has a 12 month low of $2.89 and a 12 month high of $6.72.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund offers 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, and markets merchant, regenerated, and ultra-pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.

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Analyst Recommendations for Chemtrade Logistics Income Fund (OTCMKTS:CGIFF)

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