Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) PT Raised to C$10.00

Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) had its price objective boosted by equities researchers at CIBC from C$8.50 to C$10.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Scotiabank lifted their price objective on shares of Chemtrade Logistics Income Fund from C$6.25 to C$7.00 and gave the stock an “underperform” rating in a research report on Friday, October 1st. Raymond James lifted their price objective on shares of Chemtrade Logistics Income Fund from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, October 1st. Finally, Desjardins raised shares of Chemtrade Logistics Income Fund from a “hold” rating to a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Chemtrade Logistics Income Fund has a consensus rating of “Hold” and an average price target of $8.93.

Shares of OTCMKTS:CGIFF traded up $0.42 during trading on Thursday, hitting $6.40. The company’s stock had a trading volume of 6,001 shares, compared to its average volume of 5,161. The business has a 50 day moving average price of $5.51 and a two-hundred day moving average price of $5.69. Chemtrade Logistics Income Fund has a fifty-two week low of $3.09 and a fifty-two week high of $7.00.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund engages in the provision of portfolio of industrial chemicals and value-added services. It operates through the following segments: Sulphur Products & Performance Chemicals, Water Solutions & Specialty Chemicals, Electrochemicals, and Corporate. The Sulphur Products & Performance Chemicals segment markets sulphuric acid, liquid sulphur dioxide, sulphur, sodium hydrosulphite, sodium bisulphate, and zinc oxide.

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