Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Rating of “Moderate Buy” by Brokerages

Chemtrade Logistics Income Fund (TSE:CHE.UN) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$18.21.

Several equities research analysts have recently issued reports on CHE.UN shares. Canadian Imperial Bank of Commerce increased their price objective on shares of Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a research report on Friday, November 14th. Scotiabank lowered Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$15.00 to C$17.00 in a research report on Friday, November 14th. BMO Capital Markets reduced their price objective on 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. National Bank Financial raised their target price on Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the company an “outperform” rating in a report on Monday, January 19th. Finally, Royal Bank Of Canada upped their price target on Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a report on Thursday, November 13th.

Chemtrade Logistics Income Fund Stock Performance

Chemtrade Logistics Income Fund stock opened at C$15.43 on Friday. The company has a market cap of C$1.79 billion, a price-to-earnings ratio of 16.07 and a beta of 1.12. Chemtrade Logistics Income Fund has a 12 month low of C$8.50 and a 12 month high of C$16.46. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The stock’s 50-day moving average is C$15.41 and its 200-day moving average is C$14.14.

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.