National Bankshares Boosts Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$18.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective raised by investment analysts at National Bankshares from C$17.50 to C$18.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 19.76% from the company’s current price.

Several other equities analysts have also commented on the stock. Royal Bank Of Canada upped their price target on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research report on Thursday, November 13th. Raymond James Financial upgraded shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from C$16.00 to C$21.00 in a research note on Thursday, November 13th. CIBC boosted their price target on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. BMO Capital Markets lowered their target price on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Finally, Scotiabank lowered shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$15.00 to C$17.00 in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.21.

Chemtrade Logistics Income Fund Stock Down 0.8%

Shares of Chemtrade Logistics Income Fund stock opened at C$15.03 on Monday. The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 15.66 and a beta of 1.18. Chemtrade Logistics Income Fund has a twelve month low of C$8.50 and a twelve month high of C$15.88. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The business’s 50 day simple moving average is C$14.51 and its 200-day simple moving average is C$13.27.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.